Nicholas Konat Sells 11,283 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 11,283 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $143.13, for a total value of $1,614,935.79. Following the completion of the transaction, the chief operating officer now owns 55,675 shares of the company’s stock, valued at $7,968,762.75. The trade was a 16.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Nicholas Konat also recently made the following trade(s):

• On Thursday, March 20th, Nicholas Konat sold 531 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $139.43, for a total transaction of $74,037.33.
• On Monday, March 17th, Nicholas Konat sold 8,755 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total transaction of $1,203,112.10.

Sprouts Farmers Market Trading Up 2.9 %

SFM traded up $4.28 during mid-day trading on Tuesday, reaching $149.70. The stock had a trading volume of 1,712,769 shares, compared to its average volume of 1,317,164. The firm’s fifty day simple moving average is $151.01 and its two-hundred day simple moving average is $136.34. The stock has a market capitalization of $14.68 billion, a P/E ratio of 39.81, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

SFM has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. UBS Group boosted their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.00.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors have recently made changes to their positions in SFM. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC raised its position in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. GeoWealth Management LLC boosted its stake in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

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.