Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,788 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $82.66, for a total transaction of $891,736.08. Following the completion of the sale, the chief executive officer owned 269,980 shares in the company, valued at $22,316,546.80. This represents a 3.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jack Sinclair also recently made the following trade(s):
- On Tuesday, August 4th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $86.80, for a total value of $936,398.40.
- On Tuesday, July 7th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $84.87, for a total value of $915,577.56.
- On Monday, June 8th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $86.92, for a total value of $937,692.96.
- On Friday, June 5th, Jack Sinclair sold 10,790 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $82.04, for a total value of $885,211.60.
Sprouts Farmers Market Stock Up 0.5%
Shares of NASDAQ SFM opened at $79.13 on Friday. The company has a 50 day simple moving average of $81.58 and a 200 day simple moving average of $80.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $141.24. The firm has a market cap of $7.38 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67.
Institutional Trading of Sprouts Farmers Market
Several hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth $29,000. TD Private Client Wealth LLC grew its position in Sprouts Farmers Market by 1,309.1% in the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after purchasing an additional 288 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the 1st quarter valued at $25,000. Bell Investment Advisors Inc bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in Sprouts Farmers Market during the second quarter worth $29,000.
Analysts Set New Price Targets
SFM has been the subject of several analyst reports. Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a research note on Monday, June 1st. JPMorgan Chase & Co. upgraded shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Finally, Evercore reaffirmed an “outperform” rating and set a $95.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.25.
Read Our Latest Analysis on SFM
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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