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

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the completion of the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at $26,034,081.58. This represents a 20.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was sold at an average price of $140.22, for a total transaction 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 transaction 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 transaction of $407,201.90.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded up $2.62 during midday trading on Friday, hitting $142.39. The stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,316,197. The firm's fifty day moving average is $150.88 and its two-hundred day moving average is $136.02. The company has a market capitalization of $13.96 billion, a PE ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52-week low of $61.61 and a 52-week high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced 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 business 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, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SFM. JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. UBS Group upped their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group upped their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $162.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC boosted its position in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. GeoWealth Management LLC lifted its position in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares during the last quarter. Global Retirement Partners LLC lifted its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $40,000 after buying 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.