Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $654,521.45 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,045 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $161.81, for a total transaction 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 represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value 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 transaction 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 transaction 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

Shares of Sprouts Farmers Market stock traded up $0.66 during trading hours on Tuesday, hitting $161.21. The company's stock had a trading volume of 2,063,809 shares, compared to its average volume of 1,469,307. 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, Inc. has a 12-month low of $76.31 and a 12-month high of $182.00. The business has a 50 day moving average price of $164.47 and a two-hundred day moving average price of $153.06. The company has a market cap of $15.78 billion, a PE ratio of 36.08, a PEG ratio of 1.86 and a beta of 0.81.

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 the consensus estimate of $1.54 by $0.27. The firm 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%. The business's revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share. Analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Roth Mkm raised their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Evercore ISI lifted their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $167.79.

Institutional Trading of Sprouts Farmers Market

A number of institutional investors have recently bought and sold shares of SFM. EverSource Wealth Advisors LLC increased its position in shares of Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after acquiring an additional 77 shares during the period. Crossmark Global Holdings Inc. grew its stake in Sprouts Farmers Market by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after purchasing an additional 84 shares in the last quarter. Whipplewood Advisors LLC grew its stake in Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after purchasing an additional 95 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock valued at $748,000 after purchasing an additional 99 shares in the last quarter.

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.

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