Jack Sinclair Sells 4,045 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) 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 firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $156.76, for a total value 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 approximately $27,392,242.40. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value 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 value 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 value 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 value 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 value of $481,208.20.

Sprouts Farmers Market Trading Up 1.0%

NASDAQ SFM traded up $1.51 on Wednesday, hitting $150.75. 1,591,403 shares of the company traded hands, compared to its average volume of 1,477,935. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.68 and a beta of 0.78. The business's 50 day moving average price is $163.24 and its 200-day moving average price is $158.60. Sprouts Farmers Market, Inc. has a 52-week low of $93.42 and a 52-week high of $182.00.

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

Wall Street Analyst Weigh In

A number of analysts have commented on SFM shares. Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $173.00 to $185.00 in a report on Thursday, July 31st. Evercore ISI lifted their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $175.00 to $180.00 in a report on Tuesday. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $171.87.

Hedge Funds Weigh In On Sprouts Farmers Market

Several institutional investors and hedge funds have recently bought and sold shares of SFM. Renaissance Technologies LLC lifted its position in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock valued at $567,322,000 after acquiring an additional 24,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sprouts Farmers Market by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,217,900 shares of the company's stock valued at $338,481,000 after acquiring an additional 15,930 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock valued at $234,231,000 after acquiring an additional 168,605 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after purchasing an additional 294,553 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Sprouts Farmers Market by 1,033.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company's stock worth $225,350,000 after buying an additional 1,346,097 shares in 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.

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