Sprouts Farmers Market (NASDAQ:SFM) CEO Sells $560,637.00 in Stock

Key Points

• Jack Sinclair, CEO of Sprouts Farmers Market, sold $560,637 worth of stock on September 2nd, reducing his ownership by 2.26% to 174,740 shares valued at approximately $24.2 million.
• Sprouts Farmers Market recently reported $1.35 per share in earnings for the last quarter, surpassing the consensus estimate, with revenue increasing by 17.3% year-over-year to $2.22 billion.
• The company has received upgrades from multiple analysts, with price targets ranging from $176 to $190, indicating strong market confidence in its performance.

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 Tuesday, September 2nd. The shares were sold at an average price of $138.60, for a total value of $560,637.00. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at $24,218,964. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, August 4th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $156.76, for a total value of $634,094.20.
• On Monday, July 7th, Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $162.94, for a total value of $659,092.30.
• 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 value 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 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.

Sprouts Farmers Market Trading Down 0.2%

NASDAQ SFM traded down $0.30 on Wednesday, hitting $138.34. 1,535,012 shares of the stock traded hands, compared to its average volume of 1,471,270. The stock has a 50-day moving average of $154.48 and a 200 day moving average of $156.57. Sprouts Farmers Market, Inc. has a twelve month low of $96.05 and a twelve month high of $182.00. The company has a market capitalization of $13.52 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.59 and a beta of 0.86.

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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company upgraded Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research note on Thursday, July 31st. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Barclays raised Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $173.00 to $185.00 in a research note on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $173.73.

Institutional Investors Weigh In On Sprouts Farmers Market

Several large investors have recently modified their holdings of SFM. Bank of America Corp DE boosted its stake in shares of Sprouts Farmers Market by 15.8% during the 4th quarter. Bank of America Corp DE now owns 901,150 shares of the company's stock worth $114,509,000 after acquiring an additional 123,247 shares in the last quarter. Caxton Associates LP acquired a new position in Sprouts Farmers Market during the fourth quarter valued at $1,007,000. Brevan Howard Capital Management LP raised its position in Sprouts Farmers Market by 160.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,628 shares of the company's stock valued at $1,096,000 after buying an additional 5,314 shares during the period. Centiva Capital LP acquired a new position in Sprouts Farmers Market during the fourth quarter valued at $2,240,000. Finally, Cetera Investment Advisers raised its position in Sprouts Farmers Market by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 107,703 shares of the company's stock valued at $13,686,000 after buying an additional 2,815 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.

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