Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 5,714 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $138.99, for a total transaction of $794,188.86. Following the completion of the transaction, the chief executive officer now directly owns 158,148 shares in the company, valued at approximately $21,980,990.52. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The shares were 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.
• 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 transaction of $642,310.74.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $131.70 on Friday. The company has a market cap of $13.17 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $137.35 and its two-hundred day simple moving average is $108.79. Sprouts Farmers Market, Inc. has a 52 week low of $47.63 and a 52 week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $0.65 EPS. Sprouts Farmers Market’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SFM. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Evercore ISI boosted their target price on 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 increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $118.40.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Sprouts Farmers Market by 9.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,868 shares of the company’s stock worth $407,000 after acquiring an additional 424 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Sprouts Farmers Market by 53.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,211 shares of the company’s stock worth $436,000 after purchasing an additional 1,822 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Sprouts Farmers Market in the second quarter worth $1,414,000. Raymond James & Associates boosted its stake in Sprouts Farmers Market by 46.4% during the second quarter. Raymond James & Associates now owns 30,982 shares of the company’s stock valued at $2,592,000 after buying an additional 9,818 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Sprouts Farmers Market during the second quarter worth about $262,000.

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.