Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $82.66, for a total transaction of $891,736.08. Following the completion of the sale, the chief executive officer owned 269,980 shares in the company, valued at approximately $22,316,546.80. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jack Sinclair also recently made the following trade(s):
- On Tuesday, August 4th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $86.80, for a total transaction of $936,398.40.
- On Tuesday, July 7th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $84.87, for a total transaction of $915,577.56.
- On Monday, June 8th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $86.92, for a total transaction of $937,692.96.
- On Friday, June 5th, Jack Sinclair sold 10,790 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $82.04, for a total transaction of $885,211.60.
Sprouts Farmers Market Trading Up 0.5%
Shares of SFM stock traded up $0.37 during trading hours on Thursday, hitting $79.13. The company had a trading volume of 1,161,162 shares, compared to its average volume of 1,509,654. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The stock has a market capitalization of $7.38 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The company’s fifty day moving average is $81.58 and its 200 day moving average is $80.02. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $141.24.
Wall Street Analyst Weigh In
SFM has been the subject of a number of research reports. JPMorgan Chase & Co. raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Roth Capital set a $82.00 target price on Sprouts Farmers Market in a research report on Friday, July 31st. UBS Group boosted their price target on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $92.25.
Check Out Our Latest Stock Report on SFM
Institutional Trading of Sprouts Farmers Market
A number of large investors have recently modified their holdings of SFM. Signet Financial Management LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth $2,938,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sprouts Farmers Market by 260.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,644 shares of the company’s stock worth $1,963,000 after purchasing an additional 17,812 shares during the period. Mawer Investment Management Ltd. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $7,737,000. Eurizon Capital SGR S.p.A. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $4,841,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $1,333,000.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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