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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $165.08, for a total value of $481,208.20. Following the completion of the transaction, the chief executive officer now owns 183,485 shares of the company’s stock, valued at approximately $30,289,703.80. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 9th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $149.36, for a total value of $435,384.40.
• On Wednesday, March 19th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $140.22, for a total value of $408,741.30.
• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16.

Sprouts Farmers Market Stock Up 1.0%

SFM stock opened at $163.43 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The business has a fifty day moving average price of $158.50 and a 200-day moving average price of $150.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $15.99 billion, a P/E ratio of 43.47, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its stake in shares of Sprouts Farmers Market by 55.0% in the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock worth $2,633,000 after purchasing an additional 7,355 shares during the last quarter. Unified Investment Management bought a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $1,161,000. Wells Fargo & Company MN grew its holdings in shares of Sprouts Farmers Market by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 181,364 shares of the company’s stock worth $23,046,000 after acquiring an additional 37,637 shares during the period. Andrew Hill Investment Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 145.8% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company’s stock worth $2,585,000 after acquiring an additional 12,067 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after acquiring an additional 56,652 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SFM shares. BMO Capital Markets raised their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their target price for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Jefferies Financial Group lifted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Nine research 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, the stock has an average rating of “Hold” and an average price target of $167.79.

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.