Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 2,915 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $140.22, for a total value of $408,741.30. Following the completion of the sale, the chief executive officer now owns 183,619 shares in the company, valued at $25,747,056.18. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 17th, Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock. The stock was 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 transaction 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 transaction of $407,201.90.

Sprouts Farmers Market Stock Up 2.2 %

Sprouts Farmers Market stock opened at $140.82 on Thursday. 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 firm’s fifty day moving average price is $150.80 and its two-hundred day moving average price is $135.21. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1-year low of $60.46 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

A number of institutional investors and hedge funds have recently bought and sold shares of SFM. Unified Investment Management purchased a new position in Sprouts Farmers Market during the 4th quarter worth $1,161,000. JPMorgan Chase & Co. lifted its position in shares of Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after purchasing an additional 156,175 shares in the last quarter. World Investment Advisors LLC purchased a new position in Sprouts Farmers Market during the third quarter worth about $13,348,000. First Hawaiian Bank bought a new stake in Sprouts Farmers Market in the 4th quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after buying an additional 48,103 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Evercore ISI dropped their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the stock from $163.00 to $190.00 in a research note on Monday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $162.92.

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.