Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair Sells 2,915 Shares

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $407,201.90.
• On Tuesday, December 17th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $138.99, for a total value of $794,188.86.
• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00.

Sprouts Farmers Market Trading Down 1.2 %

Shares of Sprouts Farmers Market stock opened at $167.97 on Friday. The firm has a market cap of $16.80 billion, a PE ratio of 48.55, a P/E/G ratio of 2.25 and a beta of 0.63. The business’s fifty day moving average is $143.83 and its two-hundred day moving average is $123.56. Sprouts Farmers Market, Inc. has a fifty-two week low of $50.12 and a fifty-two week high of $170.50. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Institutional Trading of Sprouts Farmers Market

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares during the period. World Investment Advisors LLC acquired a new position in Sprouts Farmers Market during the third quarter worth approximately $13,348,000. SpiderRock Advisors LLC purchased a new position in Sprouts Farmers Market during the third quarter worth approximately $3,252,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $1,517,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America lifted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.40.

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.