Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 2,915 Shares

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 sale, the chief executive officer now directly owns 177,655 shares of the company's stock, valued at $27,902,494.30. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 shares were 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 value of $435,384.40.
• On Wednesday, March 19th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were 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 shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16.

Sprouts Farmers Market Trading Up 1.7%

Shares of NASDAQ:SFM traded up $2.63 during trading on Monday, reaching $160.55. The company's stock had a trading volume of 1,611,131 shares, compared to its average volume of 1,467,370. The stock has a market capitalization of $15.71 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. Sprouts Farmers Market, Inc. has a 12 month low of $76.31 and a 12 month high of $182.00. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $164.15 and its two-hundred day simple moving average is $153.02.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI boosted their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Royal Bank of Canada upped 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. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Finally, Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $167.79.

Institutional Trading of Sprouts Farmers Market

Several institutional investors have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its position 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 acquiring an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the first quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market in the 4th quarter worth about $31,000. GeoWealth Management LLC lifted its holdings in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Sprouts Farmers Market in the 1st quarter valued at about $35,000.

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.