Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $650,464.30 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,054 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $160.45, for a total transaction of $650,464.30. Following the transaction, the chief executive officer now owns 174,740 shares in the company, valued at approximately $28,037,033. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 17th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $161.81, for a total transaction of $654,521.45.
• 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 value 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 value of $408,741.30.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded up $4.10 during midday trading on Friday, hitting $165.96. The company had a trading volume of 4,442,076 shares, compared to its average volume of 1,482,990. The company has a market capitalization of $16.24 billion, a PE ratio of 37.29, a P/E/G ratio of 1.88 and a beta of 0.81. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $76.62 and a 52-week high of $182.00. The stock's fifty day moving average price is $164.95 and its 200-day moving average price is $153.25.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (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 34.20% and a net margin of 5.53%. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whipplewood Advisors LLC raised 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 worth $29,000 after purchasing an additional 92 shares during the period. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market during the 1st quarter valued at approximately $30,000. GeoWealth Management LLC lifted its stake 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 acquiring an additional 142 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $35,000. Finally, SVB Wealth LLC purchased a new stake in Sprouts Farmers Market in the first quarter worth about $36,000.

Analyst Ratings Changes

A number of research firms recently commented on SFM. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Jefferies Financial Group raised their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group lifted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $167.79.

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.