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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $140.22, for a total value of $408,741.30. Following the transaction, the chief executive officer now directly owns 183,619 shares in the company, valued at $25,747,056.18. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total value of $6,856,983.16.
• On Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $167.54, for a total value of $488,379.10.
• 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 value of $407,201.90.

Sprouts Farmers Market Stock Up 2.2 %

SFM stock traded up $3.01 during mid-day trading on Wednesday, reaching $140.82. 1,121,000 shares of the company traded hands, compared to its average volume of 1,313,650. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The firm’s 50 day moving average price is $150.80 and its 200 day moving average price is $135.21.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently modified their holdings of SFM. Norges Bank purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $143,113,000. Congress Asset Management Co. boosted its stake in shares of Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after buying an additional 632,523 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $64,117,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $53,946,000. Finally, Invesco Ltd. boosted its stake in shares of Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock worth $201,139,000 after buying an additional 294,553 shares during the last quarter.

Analyst Upgrades and Downgrades

SFM has been the subject of several research analyst reports. Evercore ISI lowered their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $163.00 to $190.00 in a research report on Monday. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, BMO Capital Markets boosted their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $162.92.

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.