Jack Sinclair Sells 49,898 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 49,898 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares of the company’s stock, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Wednesday, February 5th, Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock. The shares were 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 stock was sold at an average price of $138.74, for a total transaction of $407,201.90.

Sprouts Farmers Market Stock Up 2.2 %

Shares of NASDAQ:SFM traded up $3.01 during trading hours on Wednesday, reaching $140.82. The stock had a trading volume of 1,121,000 shares, compared to its average volume of 1,313,650. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The firm’s 50 day moving average is $150.80 and its 200-day moving average is $135.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.96 billion. Research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their target price for the stock from $163.00 to $190.00 in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Evercore ISI reduced their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $162.92.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $31,000. GeoWealth Management LLC grew its position in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 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.