Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 4,045 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $161.81, for a total value of $654,521.45. Following the completion of the sale, the chief executive officer now owns 174,740 shares of the company's stock, valued at approximately $28,274,679.40. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 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 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 transaction of $408,741.30.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $4.10 on Friday, hitting $165.96. The stock had a trading volume of 4,442,076 shares, compared to its average volume of 1,482,990. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth 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 twelve month low of $76.62 and a twelve month high of $182.00. The business's 50 day moving average is $164.95 and its two-hundred day moving average is $153.25.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. Analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SFM. Whipplewood Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in Sprouts Farmers Market during the first quarter worth $30,000. GeoWealth Management LLC raised its position in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Truvestments Capital LLC acquired a new position in Sprouts Farmers Market in the first quarter valued at approximately $35,000. Finally, SVB Wealth LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter valued at $36,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SFM shares. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group boosted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price objective for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.