Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 3,201 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $83.97, for a total transaction of $268,787.97. Following the completion of the transaction, the chief executive officer owned 269,980 shares in the company, valued at $22,670,220.60. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jack Sinclair also recently made the following trade(s):
- On Wednesday, March 18th, Jack Sinclair sold 4,754 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $83.50, for a total transaction of $396,959.00.
- On Monday, March 16th, Jack Sinclair sold 57,644 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $80.82, for a total transaction of $4,658,788.08.
- On Friday, March 13th, Jack Sinclair sold 1,052 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $79.38, for a total value of $83,507.76.
Sprouts Farmers Market Trading Down 3.5%
SFM stock traded down $2.90 during midday trading on Monday, hitting $78.90. 3,137,831 shares of the company’s stock were exchanged, compared to its average volume of 3,084,282. The business has a 50-day simple moving average of $73.86 and a two-hundred day simple moving average of $87.75. The company has a current ratio of 0.93, a quick ratio of 0.44 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.46 billion, a PE ratio of 14.89, a P/E/G ratio of 1.76 and a beta of 0.76. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $182.00.
Institutional Investors Weigh In On Sprouts Farmers Market
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Sprouts Farmers Market by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,913,415 shares of the company’s stock valued at $789,802,000 after buying an additional 28,951 shares during the period. State Street Corp increased its position in shares of Sprouts Farmers Market by 2.4% during the fourth quarter. State Street Corp now owns 3,115,029 shares of the company’s stock worth $248,174,000 after acquiring an additional 71,905 shares during the period. Bank of America Corp DE raised its stake in shares of Sprouts Farmers Market by 137.0% in the second quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock valued at $425,582,000 after acquiring an additional 1,494,014 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Sprouts Farmers Market by 39.1% in the fourth quarter. Nordea Investment Management AB now owns 2,323,216 shares of the company’s stock valued at $186,647,000 after purchasing an additional 653,206 shares during the period. Finally, Marshall Wace LLP grew its stake in Sprouts Farmers Market by 12.3% during the 2nd quarter. Marshall Wace LLP now owns 2,314,665 shares of the company’s stock worth $381,086,000 after purchasing an additional 252,699 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Roth Mkm reiterated a “neutral” rating and set a $74.00 price target on shares of Sprouts Farmers Market in a research report on Friday, February 20th. The Goldman Sachs Group set a $111.00 price objective on shares of Sprouts Farmers Market in a research report on Friday, February 20th. BMO Capital Markets reiterated a “market perform” rating and issued a $70.00 target price on shares of Sprouts Farmers Market in a report on Friday, February 20th. Wells Fargo & Company cut their target price on Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Wall Street Zen cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Moderate Buy” and an average target price of $101.75.
View Our Latest Analysis on Sprouts Farmers Market
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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