Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 30,000 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the completion of the transaction, the chief executive officer now owns 163,862 shares in the company, valued at $24,454,764.88. This represents a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 4th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $132.60, for a total value of $757,676.40.
• On Monday, October 7th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $1.72 during trading hours on Friday, hitting $147.79. 798,292 shares of the stock traded hands, compared to its average volume of 1,330,484. The firm’s 50 day moving average price is $134.41 and its 200-day moving average price is $106.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 2.25 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 1 year low of $46.74 and a 1 year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI boosted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $118.40.

Institutional Trading of Sprouts Farmers Market

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its position in Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after purchasing an additional 973,666 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the period. Fiera Capital Corp purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth about $31,712,000. Finally, Hennessy Advisors Inc. boosted its stake in shares of Sprouts Farmers Market by 41.3% in the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after buying an additional 235,100 shares during the last quarter.

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.