Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat Sells 8,755 Shares of Stock

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

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $140.82 on Thursday. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The company’s 50-day simple moving average is $150.80 and its 200-day simple moving average is $135.21. 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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. UBS Group lifted their price objective on shares of 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 shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America boosted their price objective 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. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $162.92.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in SFM. Norges Bank bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $143,113,000. Congress Asset Management Co. increased its position in Sprouts Farmers Market by 94.9% in the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after buying an additional 632,523 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $64,117,000. Leigh Baldwin & CO. LLC bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $53,946,000. Finally, Invesco Ltd. increased its holdings in shares of Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock worth $201,139,000 after acquiring an additional 294,553 shares during the period.

Sprouts Farmers Market Company Profile

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.