Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 5,714 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the transaction, the chief executive officer now directly owns 222,432 shares in the company, valued at approximately $22,485,650.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 5th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $95.52, for a total value of $545,801.28.
• On Tuesday, July 2nd, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $83.38, for a total value of $476,433.32.
• On Thursday, June 20th, Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26.

Sprouts Farmers Market Stock Up 2.0 %

SFM stock opened at $99.67 on Friday. The business’s 50-day simple moving average is $91.71 and its 200 day simple moving average is $77.08. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.98 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.96 and a beta of 0.56. Sprouts Farmers Market, Inc. has a twelve month low of $38.46 and a twelve month high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on SFM shares. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Roth Mkm increased their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their target price for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Bank of America upped their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $95.25.

Hedge Funds Weigh In On Sprouts Farmers Market

Hedge funds have recently made changes to their positions in the business. Point72 Asset Management L.P. lifted its position in shares of Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after buying an additional 1,237,610 shares during the period. Marshall Wace LLP raised its stake 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 worth $130,107,000 after acquiring an additional 973,666 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sprouts Farmers Market by 15.4% during the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $23,992,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sprouts Farmers Market by 36.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 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.