Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $407,201.90 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 2,935 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now directly owns 149,499 shares in the company, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, December 17th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.99, for a total value of $794,188.86.
• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The stock was 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.

Sprouts Farmers Market Stock Down 0.9 %

NASDAQ SFM traded down $1.28 during trading on Friday, reaching $139.25. The company's stock had a trading volume of 1,343,105 shares, compared to its average volume of 1,303,700. The business has a 50-day moving average price of $141.65 and a 200-day moving average price of $116.19. Sprouts Farmers Market, Inc. has a 1-year low of $48.98 and a 1-year high of $155.64. The stock has a market capitalization of $13.92 billion, a PE ratio of 40.25, a PEG ratio of 1.82 and a beta of 0.63. 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 (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the company posted $0.65 earnings per share. Sprouts Farmers Market's revenue for the quarter was up 13.6% on a year-over-year basis. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets lifted their price objective 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. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Melius Research started coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $118.40.

Institutional Trading of Sprouts Farmers Market

Large investors have recently modified their holdings of the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth $25,000. Avior Wealth Management LLC increased its stake in shares of Sprouts Farmers Market by 93.5% in the fourth 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 period. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth about $38,000. Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after purchasing an additional 442 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after purchasing an additional 162 shares during the period.

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.

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