Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 2,915 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $157.06, for a total transaction of $457,829.90. Following the completion of the transaction, the chief executive officer now directly owns 177,655 shares in the company, valued at approximately $27,902,494.30. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 21st, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $165.08, for a total transaction of $481,208.20.
• On Wednesday, April 9th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $149.36, for a total transaction of $435,384.40.
• 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 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.

Sprouts Farmers Market Stock Up 0.6%

Shares of NASDAQ:SFM traded up $0.88 during midday trading on Friday, reaching $157.92. 1,482,568 shares of the company were exchanged, compared to its average volume of 1,464,307. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $74.80 and a fifty-two week high of $182.00. The stock has a fifty day simple moving average of $163.89 and a two-hundred day simple moving average of $152.97. The firm has a market cap of $15.45 billion, a PE ratio of 42.00, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business earned $1.12 EPS. The company's revenue was up 18.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Institutional Investors Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC increased its stake in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Finally, Brooklyn Investment Group grew its position in shares of Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock valued at $37,000 after acquiring an additional 242 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SFM. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Royal Bank of Canada lifted their price target on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, UBS Group raised their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $167.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.