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

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 transaction of $659,092.30. Following the completion of the sale, the chief executive officer owned 174,740 shares in the company, 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 legal 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 stock was 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 stock was 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 Price Performance

Shares of NASDAQ:SFM traded up $0.87 during trading on Wednesday, hitting $159.75. 1,139,640 shares of the company were exchanged, compared to its average volume of 1,564,837. The company has a market capitalization of $15.63 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $79.34 and a 1-year high of $182.00. The business's 50 day moving average is $165.08 and its 200-day moving average is $155.01. 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 (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the firm earned $1.12 EPS. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada boosted their price target on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Evercore ISI upped their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. UBS Group raised their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus target price of $167.79.

Institutional Trading of Sprouts Farmers Market

Institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC lifted its position in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in Sprouts Farmers Market during the 1st quarter valued at $35,000. SVB Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group raised its stake in Sprouts Farmers Market by 12,100.0% in the 1st quarter. Brooklyn Investment Group now owns 244 shares of the company's stock worth $37,000 after acquiring an additional 242 shares during the last quarter.

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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