Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 2,915 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $149.36, for a total transaction of $435,384.40. Following the sale, the chief executive officer now owns 189,315 shares of the company’s stock, valued at approximately $28,276,088.40. This represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, March 19th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $140.22, for a total transaction of $408,741.30.
• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16.
• On Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $167.54, for a total value of $488,379.10.
• On Wednesday, January 15th, Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.74, for a total value of $407,201.90.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $157.27 on Friday. The stock has a market capitalization of $15.42 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The business’s fifty day moving average price is $151.70 and its 200 day moving average price is $141.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Jefferies Financial Group lifted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $167.00.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC raised its position in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 92 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the fourth quarter worth $31,000. Avior Wealth Management LLC lifted its stake in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after acquiring an additional 142 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter.

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.