Nicholas Konat Sells 31,846 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 31,846 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the sale, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, March 15th, Nicholas Konat sold 640 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $62.47, for a total value of $39,980.80.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $64.04 on Thursday. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $65.53. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The business’s 50 day simple moving average is $56.83 and its 200 day simple moving average is $48.59. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.31 and a beta of 0.49.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SFM. Evercore ISI raised their target price on Sprouts Farmers Market from $59.00 to $62.00 and gave the stock an “in-line” rating in a research report on Tuesday. StockNews.com lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Sunday, December 3rd. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.29.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in Sprouts Farmers Market by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after acquiring an additional 208 shares during the period. Xponance Inc. increased its holdings in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after purchasing an additional 209 shares during the period. Baldwin Brothers LLC MA increased its holdings in shares of Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 210 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Sprouts Farmers Market by 3.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after purchasing an additional 216 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of Sprouts Farmers Market by 4.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock worth $247,000 after purchasing an additional 220 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.