Jack Sinclair Sells 4,054 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

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

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 shares were sold at an average price of $161.81, for a total value of $654,521.45.
• On Thursday, June 12th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was 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 stock was 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 shares were 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.

Sprouts Farmers Market Stock Up 0.4%

Sprouts Farmers Market stock traded up $0.66 during mid-day trading on Tuesday, reaching $161.21. The stock had a trading volume of 2,063,809 shares, compared to its average volume of 1,469,307. The firm has a market capitalization of $15.78 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. Sprouts Farmers Market, Inc. has a fifty-two week low of $76.31 and a fifty-two week high of $182.00. The stock's 50-day simple moving average is $164.47 and its 200-day simple moving average is $153.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results 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 company had revenue of $2.24 billion for 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%. Sprouts Farmers Market's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 55.0% in the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after acquiring an additional 7,355 shares during the last quarter. Unified Investment Management acquired a new position in Sprouts Farmers Market during the 4th quarter valued at about $1,161,000. Wells Fargo & Company MN increased its holdings in Sprouts Farmers Market by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock worth $23,046,000 after purchasing an additional 37,637 shares in the last quarter. Andrew Hill Investment Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 145.8% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company's stock worth $2,585,000 after purchasing an additional 12,067 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter worth approximately $2,618,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SFM. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Roth Mkm lifted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price objective for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Royal Bank Of Canada raised their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.

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