Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 5,714 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the business’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 owns 158,148 shares in the company, valued at approximately $21,980,990.52. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00.
• On Monday, November 4th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were 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 shares were sold at an average price of $112.41, for a total value of $642,310.74.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded down $0.50 during trading hours on Thursday, hitting $134.69. The stock had a trading volume of 1,162,849 shares, compared to its average volume of 1,332,430. The company has a 50 day simple moving average of $136.60 and a two-hundred day simple moving average of $108.23. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 2.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $47.63 and a one year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the third quarter valued at approximately $25,000. Crewe Advisors LLC raised its position in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market in the third quarter worth $38,000. Finally, Quarry LP grew its position in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. Evercore ISI lifted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $118.40.

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.