Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $794,188.86 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total value of $794,188.86. Following the transaction, the chief executive officer now directly owns 158,148 shares of the company’s stock, valued at approximately $21,980,990.52. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction of $4,477,200.00.
• On Monday, November 4th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40.
• 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.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $131.70 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $47.63 and a 1-year high of $155.64. 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 business has a 50-day moving average price of $137.35 and a two-hundred day moving average price of $108.79. The company has a market cap of $13.17 billion, a P/E ratio of 38.06, a PEG ratio of 2.23 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results 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 analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of large investors have recently bought and sold shares of SFM. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Crewe Advisors LLC boosted its holdings in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $29,000. Finally, First Horizon Advisors Inc. raised its position in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective on the stock. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $118.40.

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.