Jack Sinclair Sells 2,935 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,935 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now owns 149,499 shares in the company, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jack Sinclair also recently made the following trade(s):

• On Tuesday, December 17th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $138.99, for a total value of $794,188.86.
• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00.
• On Monday, November 4th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40.

Sprouts Farmers Market Trading Down 0.9 %

Shares of NASDAQ:SFM opened at $139.25 on Friday. The stock has a 50 day moving average of $141.53 and a 200 day moving average of $116.81. The company has a market cap of $13.92 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 12-month low of $48.98 and a 12-month high of $155.64. 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 (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of SFM. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Avior Wealth Management LLC grew its holdings in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $38,000. First Horizon Advisors Inc. raised its position in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI increased their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Melius Research started coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $118.40.

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.