Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 49,898 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $167.54, for a total value of $488,379.10.
• On Wednesday, January 15th, Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.74, for a total value of $407,201.90.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $140.82 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.31 and a beta of 0.67. The business’s fifty day moving average is $150.80 and its 200 day moving average is $135.21.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Institutional investors have recently added to or reduced their stakes in the business. Unified Investment Management bought a new position in Sprouts Farmers Market in the 4th quarter worth about $1,161,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth about $13,348,000. First Hawaiian Bank purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on SFM. Wells Fargo & Company boosted their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. UBS Group boosted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Evercore ISI cut their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their target price for the company from $163.00 to $190.00 in a research note on Monday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $162.92.

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.