Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,788 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $86.92, for a total transaction of $937,692.96. Following the completion of the sale, the chief executive officer owned 269,980 shares in the company, valued at $23,466,661.60. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jack Sinclair also recently made the following trade(s):
- On Friday, June 5th, Jack Sinclair sold 10,790 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $82.04, for a total transaction of $885,211.60.
- On Friday, March 20th, Jack Sinclair sold 3,201 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $83.97, for a total transaction of $268,787.97.
- 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 stock was 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 stock was sold at an average price of $79.38, for a total transaction of $83,507.76.
Sprouts Farmers Market Trading Up 2.5%
SFM opened at $86.82 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $173.96. The firm has a market capitalization of $8.16 billion, a PE ratio of 16.70, a P/E/G ratio of 1.79 and a beta of 0.67. The company’s 50-day moving average is $80.16 and its 200 day moving average is $78.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC grew its position in shares of Sprouts Farmers Market by 1,309.1% during the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after acquiring an additional 288 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $29,000. Finally, Clearstead Advisors LLC grew its position in shares of Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period.
Analysts Set New Price Targets
Several equities research analysts have commented on SFM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Friday, March 27th. Bank of America decreased their price objective on shares of Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group set a $111.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Barclays decreased their price objective on shares of Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $96.08.
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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