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 business’s stock in a transaction that occurred on Thursday, December 12th. The stock was 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 owns 163,862 shares of the company’s stock, valued at $24,454,764.88. The trade was a 15.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Down 1.2 %

Shares of Sprouts Farmers Market stock opened at $147.79 on Friday. The company’s fifty day simple moving average is $135.11 and its two-hundred day simple moving average is $106.78. Sprouts Farmers Market, Inc. has a 12-month low of $46.74 and a 12-month high of $155.64. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $14.78 billion, a P/E ratio of 42.71, a PEG ratio of 2.25 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Sprouts Farmers Market’s revenue was up 13.6% on a year-over-year basis. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of several analyst reports. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. BMO Capital Markets raised their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America increased their price objective on 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, Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $118.40.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently made changes to their positions in SFM. CIBC Asset Management Inc increased its stake in shares of Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares in the last quarter. Caprock Group LLC increased its position in Sprouts Farmers Market by 1.9% during the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock valued at $605,000 after buying an additional 102 shares in the last quarter. UMB Bank n.a. boosted its holdings in Sprouts Farmers Market by 26.3% in the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after acquiring an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Sprouts Farmers Market by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after acquiring an additional 148 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Sprouts Farmers Market by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after purchasing an additional 158 shares during the last quarter.

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.