Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $642,310.74 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the sale, the chief executive officer now owns 211,004 shares of the company’s stock, valued at approximately $23,718,959.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 3rd, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $101.09, for a total transaction of $577,628.26.
• On Monday, August 5th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $112.93 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 3.21 and a beta of 0.56. The firm’s fifty day simple moving average is $103.00 and its 200 day simple moving average is $85.16. Sprouts Farmers Market, Inc. has a twelve month low of $39.76 and a twelve month high of $115.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SFM. Bank of America raised their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.80.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. grew its position in shares of Sprouts Farmers Market by 1.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,219 shares of the company’s stock valued at $780,000 after buying an additional 258 shares during the last quarter. Prudential PLC grew its position in Sprouts Farmers Market by 19.3% in the 4th quarter. Prudential PLC now owns 44,673 shares of the company’s stock worth $2,149,000 after purchasing an additional 7,238 shares during the last quarter. Invenomic Capital Management LP bought a new position in Sprouts Farmers Market in the 4th quarter worth about $13,840,000. Hancock Whitney Corp lifted its stake in shares of Sprouts Farmers Market by 168.3% in the 4th quarter. Hancock Whitney Corp now owns 187,350 shares of the company’s stock worth $9,013,000 after acquiring an additional 117,521 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter worth approximately $959,000.

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.