Jack Sinclair Sells 30,000 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 value of $757,676.40.
• On Monday, October 7th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $112.41, for a total value of $642,310.74.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $147.79 on Monday. The company has a 50-day moving average price of $135.11 and a 200-day moving average price of $107.17. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $46.74 and a 12 month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $118.40.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently modified their holdings of SFM. Cetera Advisors LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $349,000. Ritholtz Wealth Management boosted its stake in Sprouts Farmers Market by 59.8% during the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after acquiring an additional 6,286 shares in the last quarter. SpiderRock Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter worth about $3,252,000. World Investment Advisors LLC bought a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $13,348,000. Finally, Pinkerton Retirement Specialists LLC purchased a new position in shares of Sprouts Farmers Market during the second quarter valued at approximately $623,000.

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.