Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Sells $1,203,112.10 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 8,755 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $1,203,112.10. Following the transaction, the chief operating officer now owns 63,845 shares of the company’s stock, valued at $8,773,579.90. This trade represents a 12.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $3.01 during trading hours on Wednesday, reaching $140.82. 1,121,000 shares of the company’s stock were exchanged, compared to its average volume of 1,313,650. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The company has a market capitalization of $13.88 billion, a P/E ratio of 37.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The business has a fifty day moving average of $150.80 and a two-hundred day moving average of $135.21. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $31,000. GeoWealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC lifted its position in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the last quarter. Global Retirement Partners LLC lifted its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have commented on SFM. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, UBS Group raised their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $162.92.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.