Insider Selling: 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 firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $1,203,112.10. Following the completion of the sale, the chief operating officer now owns 63,845 shares in the company, valued at $8,773,579.90. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 value of $74,037.33.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $142.39 on Friday. 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, Inc. has a 52-week low of $61.61 and a 52-week high of $178.99. The firm has a market cap of $14.04 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The business’s 50-day moving average price is $150.88 and its 200 day moving average price is $135.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wesbanco Bank Inc. boosted its position in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust boosted its position in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC boosted its position in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after acquiring an additional 95 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFM. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. UBS Group raised their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target 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.