Sen. Markwayne Mullin Sells Off Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Sprouts Farmers Market stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $127.07 on Wednesday. The stock’s fifty day moving average is $139.12 and its 200-day moving average is $111.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52 week low of $47.82 and a 52 week high of $155.64. The stock has a market capitalization of $12.71 billion, a PE ratio of 36.73, a PEG ratio of 2.23 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprouts Farmers Market

Several large investors have recently made changes to their positions in SFM. Renaissance Technologies LLC increased its stake in shares of Sprouts Farmers Market by 15.4% during 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. Geode Capital Management LLC boosted its stake in shares of Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the period. Marshall Wace LLP raised its stake in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after acquiring an additional 973,666 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sprouts Farmers Market by 13.1% in 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 during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Sprouts Farmers Market by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,053,531 shares of the company’s stock worth $88,138,000 after buying an additional 28,636 shares during the period.

Insiders Place Their Bets

In related news, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $112.41, for a total value of $642,310.74. Following the sale, the chief executive officer now directly owns 211,004 shares in the company, valued at $23,718,959.64. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,569 shares of company stock worth $9,117,886 over the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Bank of America upped their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $118.40.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.