Sen. Markwayne Mullin Sells Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Sprouts Farmers Market, Inc. NASDAQ: SFM. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Sprouts Farmers Market stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Axon Enterprise NASDAQ: AXON on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Ollie's Bargain Outlet NASDAQ: OLLI on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Stride NYSE: LRN on 12/18/2024.
• Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
• Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
• Sold $15,001 - $50,000 in shares of Freshpet NASDAQ: FRPT on 12/18/2024.
• Sold $1,001 - $15,000 in shares of e.l.f. Beauty NYSE: ELF on 12/18/2024.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $0.23 during mid-day trading on Wednesday, reaching $127.07. The company had a trading volume of 927,628 shares, compared to its average volume of 1,331,932. 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 firm has a market cap of $12.71 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.23 and a beta of 0.58. The company has a 50 day moving average of $139.28 and a 200-day moving average of $111.94. Sprouts Farmers Market, Inc. has a 52 week low of $47.82 and a 52 week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 13.6% on a year-over-year basis. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now owns 10,874 shares of the company's stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the transaction, the chief executive officer now owns 211,004 shares in the company, valued at approximately $23,718,959.64. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,569 shares of company stock worth $9,117,886. Insiders own 1.10% of the company's stock.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its holdings in shares of Sprouts Farmers Market by 46.4% during the second quarter. Raymond James & Associates now owns 30,982 shares of the company's stock worth $2,592,000 after buying an additional 9,818 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Sprouts Farmers Market by 12.2% in the second quarter. Commonwealth Equity Services LLC now owns 15,759 shares of the company's stock worth $1,318,000 after purchasing an additional 1,712 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Sprouts Farmers Market by 8.6% during the second quarter. Van ECK Associates Corp now owns 46,824 shares of the company's stock worth $3,917,000 after purchasing an additional 3,689 shares during the last quarter. Farther Finance Advisors LLC grew its position in Sprouts Farmers Market by 47.8% in the second quarter. Farther Finance Advisors LLC now owns 5,665 shares of the company's stock valued at $473,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company's stock valued at $1,405,000 after buying an additional 6,286 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on SFM. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. 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 target on the stock. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their target price 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $118.40.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Sprouts Farmers Market Company Profile

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.