Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $634,094.20 in Stock

Key Points

• Jack Sinclair, CEO of Sprouts Farmers Market, recently sold 4,045 shares at an average price of $156.76, totaling approximately $634,094, reducing his ownership by 2.26% to 174,740 shares.
• Sprouts Farmers Market's stock is currently priced at $150.75, with a market capitalization of $14.73 billion and a 52-week high of $182.00.
• Multiple analysts upgraded Sprouts Farmers Market’s rating, with Barclays raising its target price from $173.00 to $185.00, reflecting increased confidence in the stock's performance.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $156.76, for a total transaction of $634,094.20. Following the completion of the transaction, the chief executive officer owned 174,740 shares of the company's stock, valued at $27,392,242.40. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, July 7th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $162.94, for a total transaction of $659,092.30.
• On Tuesday, June 17th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $161.81, for a total transaction of $654,521.45.
• On Monday, June 16th, Jack Sinclair sold 4,054 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $160.45, for a total transaction of $650,464.30.
• On Thursday, June 12th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $157.06, for a total transaction of $457,829.90.
• 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.

Sprouts Farmers Market Trading Down 1.5%

Shares of Sprouts Farmers Market stock traded down $2.30 during trading hours on Friday, reaching $148.99. 1,033,815 shares of the company's stock were exchanged, compared to its average volume of 1,505,175. The company has a 50 day moving average of $162.05 and a two-hundred day moving average of $158.73. Sprouts Farmers Market, Inc. has a fifty-two week low of $94.15 and a fifty-two week high of $182.00. The stock has a market cap of $14.56 billion, a P/E ratio of 30.66, a P/E/G ratio of 1.68 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.94 EPS. The company's quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the subject of several recent research reports. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $175.00 to $180.00 in a report on Tuesday, August 5th. Royal Bank Of Canada boosted their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 1st. Finally, Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $171.87.

Institutional Investors Weigh In On Sprouts Farmers Market

Institutional investors and hedge funds have recently modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in shares of 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 purchasing an additional 92 shares during the period. Dogwood Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $35,000. SVB Wealth LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $36,000. Finally, Brooklyn Investment Group raised its holdings 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 purchasing an additional 242 shares during the period.

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.