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 on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now owns 199,576 shares in the company, valued at $26,463,777.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, October 7th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $112.41, for a total value of $642,310.74.
• On Tuesday, September 3rd, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26.

Sprouts Farmers Market Trading Up 3.5 %

SFM stock opened at $140.86 on Thursday. The firm has a fifty day moving average price of $112.27 and a 200 day moving average price of $93.07. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.98 and a fifty-two week high of $142.29. The firm has a market cap of $14.08 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS 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 analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SFM. Melius Research began coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Finally, Wells Fargo & Company boosted their price target 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. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $115.40.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFM. Cetera Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Sprouts Farmers Market by 8.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after acquiring an additional 48,225 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Sprouts Farmers Market by 78.8% in the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after acquiring an additional 11,508 shares during the period. Ritholtz Wealth Management lifted its holdings 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 worth $1,405,000 after acquiring an additional 6,286 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Sprouts Farmers Market during the 1st quarter worth about $1,643,000.

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.