Jack Sinclair Sells 5,714 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 20th, Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26.

Sprouts Farmers Market Stock Down 0.4 %

SFM traded down $0.33 during midday trading on Wednesday, reaching $82.64. The company’s stock had a trading volume of 765,962 shares, compared to its average volume of 1,333,626. Sprouts Farmers Market, Inc. has a 1 year low of $36.16 and a 1 year high of $84.46. The stock’s 50-day moving average is $76.74 and its 200-day moving average is $63.48. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 3.19 and a beta of 0.55. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth $25,000. Rise Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter worth about $26,000. Blue Bell Private Wealth Management LLC purchased a new position in Sprouts Farmers Market in the 1st quarter worth about $36,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC bought a new stake in shares of Sprouts Farmers Market in the fourth quarter worth approximately $43,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. UBS Group upped their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $75.00 to $77.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.25.

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.