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 business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $143.13, for a total transaction of $1,614,935.79. Following the sale, the chief operating officer now owns 55,675 shares of the company’s stock, valued at $7,968,762.75. This represents a 16.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Down 1.0 %

Shares of Sprouts Farmers Market stock opened at $148.31 on Friday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 39.44, a price-to-earnings-growth 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’s 50-day simple moving average is $151.60 and its 200-day simple moving average is $136.87. 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 issued 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. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFM has been the subject of several research reports. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Evercore ISI decreased their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. 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 research report on Wednesday, February 19th. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company raised 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 report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $167.00.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Vanguard Group Inc. increased its holdings in shares of Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock valued at $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC grew its position in Sprouts Farmers Market by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after buying an additional 24,000 shares during the period. Geode Capital Management LLC increased its holdings in Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after buying an additional 56,161 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Sprouts Farmers Market by 10.1% during the 4th quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after acquiring an additional 168,605 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Sprouts Farmers Market by 22.9% during 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 in the last quarter.

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.