Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 2,915 Shares of Stock

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, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $407,201.90.
• 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 shares were sold at an average price of $149.24, for a total value of $4,477,200.00.

Sprouts Farmers Market Stock Performance

SFM stock opened at $167.97 on Monday. The firm has a market cap of $16.80 billion, a PE ratio of 48.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. 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 stock has a 50-day moving average price of $144.10 and a 200-day moving average price of $124.72. Sprouts Farmers Market, Inc. has a 1-year low of $50.12 and a 1-year high of $170.50.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of hedge funds have recently added to or reduced their stakes in SFM. Congress Asset Management Co. boosted its position in shares of Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after purchasing an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Sprouts Farmers Market in the fourth quarter worth approximately $64,117,000. Assenagon Asset Management S.A. grew its stake in Sprouts Farmers Market by 2,577.7% in the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after acquiring an additional 435,767 shares during the period. Fiera Capital Corp bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $31,712,000. Finally, Wellington Management Group LLP acquired a new position in shares of Sprouts Farmers Market during the third quarter worth approximately $18,259,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SFM shares. BMO Capital Markets raised their price target on shares of 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. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Bank of America upped their target price 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. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $119.40.

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.