Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $407,201.90 in Stock

by · The Markets Daily

Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 stock was sold at an average price of $149.24, for a total value 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.

Sprouts Farmers Market Trading Down 0.9 %

SFM traded down $1.28 during mid-day trading on Friday, reaching $139.25. The stock had a trading volume of 1,343,105 shares, compared to its average volume of 1,303,700. The stock has a market capitalization of $13.92 billion, a P/E ratio of 40.25, a P/E/G ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52 week low of $48.98 and a 52 week high of $155.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm’s fifty day simple moving average is $141.65 and its two-hundred day simple moving average is $116.19.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The firm 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 company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Marshall Wace LLP lifted its stake in shares of Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after purchasing an additional 973,666 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 purchasing an additional 435,767 shares during the last quarter. Fiera Capital Corp acquired a new position in Sprouts Farmers Market in the third quarter valued at about $31,712,000. Millennium Management LLC increased its stake in shares of Sprouts Farmers Market by 314.8% in the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock valued at $18,727,000 after acquiring an additional 169,888 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Sprouts Farmers Market in the third quarter worth $18,259,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on SFM. Wells Fargo & Company upped their target price 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. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price target on 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. Evercore ISI increased their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Melius Research initiated 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 on the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $118.40.

Get Our Latest Stock Analysis on Sprouts Farmers Market

About Sprouts Farmers Market

(Get Free Report)

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.

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