Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Sells 531 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) COO Nicholas Konat sold 531 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $74,037.33. Following the transaction, the chief operating officer now directly owns 66,958 shares of the company’s stock, valued at approximately $9,335,953.94. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 17th, Nicholas Konat sold 8,755 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total transaction of $1,203,112.10.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $142.39 on Monday. The firm’s 50 day simple moving average is $150.88 and its 200 day simple moving average is $136.02. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Roth Mkm upped their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. UBS Group lifted their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Bank of America upped their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $162.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OneDigital Investment Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $207,000. CIBC Asset Management Inc grew its stake in shares of Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after buying an additional 101 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Sprouts Farmers Market by 17.0% during the third quarter. Natixis Advisors LLC now owns 25,183 shares of the company’s stock worth $2,780,000 after buying an additional 3,651 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Sprouts Farmers Market by 1.9% during the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after buying an additional 102 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at $1,662,000.

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.