Nicholas Konat Sells 20,270 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) COO Nicholas Konat sold 20,270 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer now directly owns 55,675 shares of the company's stock, valued at approximately $9,325,562.50. The trade was a 26.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, March 24th, Nicholas Konat sold 11,283 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $143.13, for a total value of $1,614,935.79.
• 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.
• 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 value of $1,203,112.10.

Sprouts Farmers Market Stock Down 1.5%

Shares of NASDAQ:SFM traded down $2.62 during mid-day trading on Tuesday, hitting $176.91. 282,202 shares of the company traded hands, compared to its average volume of 1,448,292. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $181.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market cap of $17.31 billion, a P/E ratio of 47.05, a PEG ratio of 2.31 and a beta of 0.87. The firm's 50 day simple moving average is $161.49 and its 200 day simple moving average is $151.90.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The firm's revenue was up 18.7% compared to the same quarter last year. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Royal Bank of Canada raised their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and an average target price of $167.79.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after acquiring an additional 77 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after acquiring an additional 80 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Sprouts Farmers Market by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after acquiring an additional 84 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after purchasing an additional 90 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares in the last quarter.

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.