Sprouts Farmers Market (NASDAQ:SFM) CEO Jack Sinclair Sells 10,788 Shares of Company Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 10,788 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $54.14, for a total value of $584,062.32. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at $14,616,717.20. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $64.48, for a total transaction of $695,610.24.
• On Friday, October 2nd, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $64.77, for a total value of $698,738.76.
• On Tuesday, September 1st, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $82.66, for a total value of $891,736.08.

Sprouts Farmers Market Stock Down 4.8%

Shares of SFM traded down $2.50 during midday trading on Friday, hitting $49.10. The company had a trading volume of 4,603,579 shares, compared to its average volume of 2,539,192. The firm has a market capitalization of $4.53 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.42 and a beta of 0.76. The company’s 50-day simple moving average is $67.16 and its 200-day simple moving average is $75.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.39 and a current ratio of 0.97. Sprouts Farmers Market, Inc. has a 1 year low of $47.35 and a 1 year high of $94.89.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). Sprouts Farmers Market had a net margin of 5.45% and a return on equity of 33.83%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.95 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of several research analyst reports. Evercore reissued an “outperform” rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, September 1st. Zacks Research cut shares of Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. UBS Group reiterated a “neutral” rating and issued a $74.00 price target on shares of Sprouts Farmers Market in a research report on Monday, October 26th. Bank of America downgraded shares of Sprouts Farmers Market from a “buy” rating to an “underperform” rating and set a $47.00 price objective on the stock. in a research report on Thursday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sprouts Farmers Market from $84.00 to $77.00 and set a “hold” rating for the company in a report on Friday, September 25th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Fisher Asset Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $13,614,000. Russell Investments Group Ltd. lifted its position in shares of Sprouts Farmers Market by 37.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 228,406 shares of the company’s stock valued at $15,155,000 after acquiring an additional 62,133 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Sprouts Farmers Market by 12.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 61,130 shares of the company’s stock valued at $4,056,000 after acquiring an additional 6,836 shares during the period. New York Life Investment Management LLC boosted its stake in shares of Sprouts Farmers Market by 2.8% during the 3rd quarter. New York Life Investment Management LLC now owns 13,008 shares of the company’s stock worth $863,000 after acquiring an additional 360 shares in the last quarter. Finally, Ballast Asset Management LP purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $2,410,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.

Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.