Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $488,379.10 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 15th, Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $138.74, for a total value of $407,201.90.
• On Tuesday, December 17th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.99, for a total value of $794,188.86.
• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00.

Sprouts Farmers Market Price Performance

SFM stock opened at $167.97 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.80 billion, a PE ratio of 48.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $50.12 and a 1 year high of $170.50. The stock has a 50-day moving average price of $144.10 and a two-hundred day moving average price of $124.72.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after purchasing an additional 156,175 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $13,348,000. SpiderRock Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $3,252,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after buying an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in Sprouts Farmers Market during the fourth quarter worth $1,517,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $119.40.

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.