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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Price Performance

Shares of SFM opened at $167.97 on Friday. The business’s 50-day moving average is $143.83 and its 200-day moving average is $123.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 48.55, a P/E/G ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market, Inc. has a fifty-two week low of $50.12 and a fifty-two week high of $170.50.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market in the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $38,000.

Analysts Set New Price Targets

SFM has been the subject of several analyst reports. The Goldman Sachs Group upped their target price 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. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target 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.