Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $435,384.40 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $149.36, for a total transaction of $435,384.40. Following the completion of the transaction, the chief executive officer now owns 189,315 shares in the company, valued at $28,276,088.40. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, March 19th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $140.22, for a total transaction of $408,741.30.
• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16.
• On Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $167.54, for a total value of $488,379.10.
• On Wednesday, January 15th, Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $138.74, for a total value of $407,201.90.

Sprouts Farmers Market Trading Up 2.2 %

NASDAQ SFM opened at $157.27 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $151.70 and a 200 day simple moving average of $141.30. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. The firm has a market capitalization of $15.42 billion, a P/E ratio of 41.83, a PEG ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. On average, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Friday, February 28th. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $167.00.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds and other institutional investors have recently modified their holdings of the business. Wesbanco Bank Inc. lifted its holdings in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after acquiring an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust boosted its holdings in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 92 shares during 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.