Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $86.80, for a total value of $936,398.40. Following the sale, the chief executive officer directly owned 269,980 shares in the company, valued at $23,434,264. The trade was a 3.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jack Sinclair also recently made the following trade(s):
- On Tuesday, July 7th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $84.87, for a total value of $915,577.56.
- On Monday, June 8th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $86.92, for a total value of $937,692.96.
- 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.
Sprouts Farmers Market Trading Up 2.4%
Shares of Sprouts Farmers Market stock opened at $87.20 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $153.75. The firm has a market capitalization of $8.13 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The company’s fifty day moving average price is $81.79 and its two-hundred day moving average price is $78.24.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. TD Private Client Wealth LLC raised its position in Sprouts Farmers Market by 1,309.1% in the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after purchasing an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Sprouts Farmers Market in the first quarter worth $25,000. Sound Income Strategies LLC acquired a new position in Sprouts Farmers Market in the fourth quarter worth $27,000. Finally, Clearstead Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SFM shares. Roth Capital set a $82.00 price objective on Sprouts Farmers Market in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $84.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. UBS Group upped their price target on Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $103.00 in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.58.
Read Our Latest Stock Analysis on SFM
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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