Jack Sinclair Sells 4,045 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Monday, July 7th. The shares were sold at an average price of $162.94, for a total value of $659,092.30. Following the completion of the sale, the chief executive officer directly owned 174,740 shares of the company's stock, valued at $28,472,135.60. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 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 Price Performance

Shares of SFM traded up $0.98 during mid-day trading on Friday, hitting $159.70. The company's stock had a trading volume of 832,242 shares, compared to its average volume of 1,566,933. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $164.31 and a 200 day simple moving average of $155.44. The firm has a market capitalization of $15.63 billion, a P/E ratio of 35.89, a P/E/G ratio of 1.98 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $81.41 and a 1-year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.54 by $0.27. The business 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 quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several hedge funds and other institutional investors have recently bought and sold shares of SFM. Annex Advisory Services LLC raised its holdings in shares of Sprouts Farmers Market by 12.9% in the second quarter. Annex Advisory Services LLC now owns 198,583 shares of the company's stock worth $32,695,000 after acquiring an additional 22,614 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 149.6% in the second quarter. Farther Finance Advisors LLC now owns 5,349 shares of the company's stock worth $881,000 after acquiring an additional 3,206 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Sprouts Farmers Market in the second quarter worth $727,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Sprouts Farmers Market in the second quarter worth $155,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Sprouts Farmers Market by 113.5% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,900 shares of the company's stock worth $1,300,000 after acquiring an additional 4,200 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on SFM. Deutsche Bank Aktiengesellschaft upgraded shares of 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 note on Monday, March 17th. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Royal Bank Of Canada boosted their price target on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Finally, Roth Capital set a $155.00 target price on Sprouts Farmers Market 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $167.79.

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.