Sprouts Farmers Market (NASDAQ:SFM) CEO Jack Sinclair Sells 10,788 Shares of Company Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 10,788 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $54.14, for a total value of $584,062.32. Following the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at $14,616,717.20. The trade was a 3.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $64.48, for a total transaction of $695,610.24.
• On Friday, October 2nd, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $64.77, for a total value of $698,738.76.
• On Tuesday, September 1st, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $82.66, for a total transaction of $891,736.08.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $49.10 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $47.35 and a 52 week high of $94.89. The firm has a market capitalization of $4.53 billion, a PE ratio of 9.42, a P/E/G ratio of 1.44 and a beta of 0.76. The company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $66.52 and its 200 day simple moving average is $75.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Sprouts Farmers Market had a net margin of 5.45% and a return on equity of 33.83%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business earned $1.22 EPS. Sprouts Farmers Market’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Sprouts Farmers Market

Several large investors have recently added to or reduced their stakes in SFM. BlackRock Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter worth approximately $768,171,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Sprouts Farmers Market in the second quarter valued at approximately $131,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sprouts Farmers Market by 8.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,464,015 shares of the company’s stock worth $123,826,000 after buying an additional 111,574 shares during the period. Bank of America Corp DE bought a new position in Sprouts Farmers Market in the second quarter worth approximately $93,790,000. Finally, AMF Tjanstepension AB grew its holdings in shares of Sprouts Farmers Market by 2.7% in the first quarter. AMF Tjanstepension AB now owns 855,628 shares of the company’s stock valued at $65,995,000 after acquiring an additional 22,863 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Sprouts Farmers Market from $94.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, September 21st. Jefferies Financial Group dropped their target price on Sprouts Farmers Market from $95.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Northcoast Research cut Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.77.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.

Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.