Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $408,741.30 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $140.22, for a total transaction of $408,741.30. Following the transaction, the chief executive officer now directly owns 183,619 shares of the company's stock, valued at approximately $25,747,056.18. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16.
• On Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10.
• 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 transaction of $407,201.90.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ SFM traded up $2.62 during trading hours on Friday, hitting $142.39. 2,133,233 shares of the stock were exchanged, compared to its average volume of 1,316,197. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.96 billion, a PE ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. The firm has a fifty day moving average price of $150.88 and a 200-day moving average price of $136.02. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Friday, February 28th. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $162.92.

Institutional Trading of Sprouts Farmers Market

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $31,000. GeoWealth Management LLC grew its position in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Sprouts Farmers Market by 80.6% during the 3rd 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 last quarter.

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.