Jack Sinclair Sells 5,714 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $138.99, for a total transaction of $794,188.86. Following the sale, the chief executive officer now owns 158,148 shares of the company’s stock, valued at $21,980,990.52. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 value 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 value of $642,310.74.

Sprouts Farmers Market Trading Down 2.2 %

Sprouts Farmers Market stock opened at $131.70 on Friday. Sprouts Farmers Market, Inc. has a one year low of $47.63 and a one year high of $155.64. The stock has a market cap of $13.17 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. 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 stock has a 50-day moving average of $137.04 and a two-hundred day moving average of $108.42.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFM. Marshall Wace LLP increased its holdings in shares of Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after purchasing an additional 973,666 shares during the period. Renaissance Technologies LLC boosted its position in Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Sprouts Farmers Market by 2,577.7% in the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the last quarter. Fiera Capital Corp acquired a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $31,712,000. Finally, Millennium Management LLC raised its position in Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after buying an additional 169,888 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SFM. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.