Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat Sells 31,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 31,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the sale, the chief operating officer now owns 51,495 shares in the company, valued at $3,817,839.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, March 22nd, Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98.
• 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 transaction of $39,980.80.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $74.66 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $75.95. The stock’s 50 day moving average price is $64.76 and its two-hundred day moving average price is $53.62. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.50.

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. VisionPoint Advisory Group LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in Sprouts Farmers Market in the first quarter worth about $26,000. Blue Bell Private Wealth Management LLC bought a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $38,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $43,000.

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.