Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $407,201.90 in Stock

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

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 transaction 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 stock was sold at an average price of $132.60, for a total value of $757,676.40.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $139.25 on Monday. The stock has a 50-day simple moving average of $141.53 and a 200 day simple moving average of $117.05. Sprouts Farmers Market, Inc. has a twelve month low of $48.98 and a twelve month high of $155.64. 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. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their price objective 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. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Melius Research assumed coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.40.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in Sprouts Farmers Market in the third quarter valued at about $13,348,000. SpiderRock Advisors LLC bought a new stake in Sprouts Farmers Market during the third quarter worth about $3,252,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after buying an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $1,517,000.

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.