Sprouts Farmers Market (NASDAQ:SFM) Shares Sold Off Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Sprouts Farmers Market stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $127.07 on Thursday. Sprouts Farmers Market, Inc. has a twelve month low of $47.82 and a twelve month high of $155.64. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The business has a 50-day moving average price of $139.28 and a 200-day moving average price of $111.94.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the sale, the chief executive officer now directly owns 163,862 shares in the company, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Hamilton sold 921 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,569 shares of company stock valued at $9,117,886 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $118.40.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $38,000. Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the period. First Horizon Advisors Inc. grew its stake in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at about $60,000.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.