Sprouts Farmers Market (NASDAQ:SFM) CEO Sells $416,635.00 in Stock

Key Points

• Sprouts Farmers Market CEO Jack Sinclair sold 4,045 shares of stock for a total of $416,635, reducing his ownership by 2.26% to 174,740 shares.
• The company's stock price increased by 1.5% to $104.38, with a market capitalization of $10.20 billion and a price-to-earnings ratio of 21.48.
• Recent earnings reported a 17.3% revenue increase year-over-year with earnings per share of $1.35, exceeding analysts' expectations of $1.23.

Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 4,045 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.00, for a total value of $416,635.00. Following the transaction, the chief executive officer directly owned 174,740 shares of the company's stock, valued at $17,998,220. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 2nd, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.60, for a total value of $560,637.00.
• On Monday, August 4th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $156.76, for a total value of $634,094.20.

Sprouts Farmers Market Stock Up 1.5%

SFM traded up $1.54 during trading on Wednesday, reaching $104.38. The stock had a trading volume of 3,108,411 shares, compared to its average volume of 2,539,599. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 1-year low of $98.75 and a 1-year high of $182.00. The stock has a 50 day moving average of $133.35 and a two-hundred day moving average of $152.07.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%.The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. Sprouts Farmers Market has set its FY 2025 guidance at 5.200-5.320 EPS. Q3 2025 guidance at 1.120-1.160 EPS. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Sprouts Farmers Market announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 19th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SFM shares. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Sunday, September 21st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $190.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, October 3rd. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a report on Friday, August 1st. Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $173.00 to $185.00 in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sprouts Farmers Market in a report on Wednesday, August 20th. They set a "neutral" rating and a $159.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of "Moderate Buy" and an average target price of $177.21.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently made changes to their positions in the stock. Balefire LLC lifted its stake in shares of Sprouts Farmers Market by 5.2% in the third quarter. Balefire LLC now owns 2,506 shares of the company's stock valued at $273,000 after buying an additional 125 shares during the period. Union Bancaire Privee UBP SA lifted its stake in shares of Sprouts Farmers Market by 66.7% in the third quarter. Union Bancaire Privee UBP SA now owns 25,459 shares of the company's stock valued at $2,797,000 after buying an additional 10,185 shares during the period. Oak Thistle LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $1,261,000. Osaic Holdings Inc. lifted its stake in Sprouts Farmers Market by 305.2% during the second quarter. Osaic Holdings Inc. now owns 86,961 shares of the company's stock worth $13,613,000 after purchasing an additional 65,501 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in Sprouts Farmers Market by 29.3% during the second quarter. Centaurus Financial Inc. now owns 1,196 shares of the company's stock worth $197,000 after purchasing an additional 271 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.