Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 5,714 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, October 7th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74.
• On Tuesday, September 3rd, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $140.86 on Thursday. The business’s fifty day simple moving average is $112.27 and its 200-day simple moving average is $93.07. Sprouts Farmers Market, Inc. has a 12-month low of $39.98 and a 12-month high of $142.29. The company has a market cap of $14.08 billion, a PE ratio of 40.71, a PEG ratio of 1.99 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 earnings per share. Analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SFM has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Evercore ISI upped their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday. Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.40.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently made changes to their positions in SFM. CIBC Asset Management Inc grew its stake in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. increased its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after buying an additional 126 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after buying an additional 148 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Sprouts Farmers Market by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after acquiring an additional 158 shares during the period. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Sprouts Farmers Market by 23.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock valued at $103,000 after acquiring an additional 176 shares during the last quarter.

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.