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

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

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 value of $757,676.40.

Sprouts Farmers Market Trading Down 0.9 %

SFM opened at $139.25 on Friday. The business’s 50 day moving average price is $141.53 and its 200 day moving average price is $116.57. 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 market capitalization of $13.92 billion, a PE ratio of 40.25, a P/E/G ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a one year low of $48.98 and a one year high of $155.64.

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 the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent research reports. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America raised their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Avior Wealth Management LLC lifted its position in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $38,000. Quarry LP grew 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 valued at $40,000 after purchasing an additional 442 shares in the last quarter. Finally, First Horizon Advisors Inc. increased 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 worth $40,000 after buying an additional 162 shares during the period.

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.