Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells $577,628.26 in Stock

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

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 shares were 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 stock was sold at an average price of $83.38, for a total transaction 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 Down 0.8 %

Shares of NASDAQ:SFM opened at $98.83 on Friday. The firm has a market capitalization of $9.93 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The stock has a 50 day moving average price of $92.01 and a 200-day moving average price of $77.57. Sprouts Farmers Market, Inc. has a 52-week low of $38.46 and a 52-week high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SFM. Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI raised their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” 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 upped their price target for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America boosted their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $95.25.

Institutional Investors Weigh In On Sprouts Farmers Market

Several hedge funds have recently bought and sold shares of SFM. Vanguard Group Inc. boosted its holdings in Sprouts Farmers Market by 0.3% in the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after acquiring an additional 29,362 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Nordea Investment Management AB boosted its stake in Sprouts Farmers Market by 9.8% in the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after purchasing an additional 297,067 shares in the last quarter. Marshall Wace LLP grew its position in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in 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 valued at $74,013,000 after purchasing an additional 1,237,610 shares in 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.