Jack Sinclair Sells 30,000 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 4th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40.
• On Monday, October 7th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $112.41, for a total transaction of $642,310.74.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $147.79 on Friday. Sprouts Farmers Market, Inc. has a 12-month low of $46.74 and a 12-month high of $155.64. The firm has a 50-day moving average price of $135.11 and a two-hundred day moving average price of $106.98. The company has a market capitalization of $14.78 billion, a P/E ratio of 42.71, a P/E/G ratio of 2.25 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Sprouts Farmers Market during the first quarter valued at approximately $349,000. Ritholtz Wealth Management increased its stake in shares of Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after purchasing an additional 6,286 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $3,252,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth $623,000. Finally, World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at about $13,348,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SFM. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.