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, September 1st. The stock was sold at an average price of $82.66, for a total value of $891,736.08. Following the completion of the sale, the chief executive officer directly owned 269,980 shares in the company, valued at $22,316,546.80. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tuesday, August 4th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $86.80, for a total value of $936,398.40.
- 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 shares were 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 Price Performance
Shares of Sprouts Farmers Market stock traded up $0.37 during trading hours on Thursday, reaching $79.13. 1,161,162 shares of the company’s stock were exchanged, compared to its average volume of 1,509,654. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $141.24. The company has a market capitalization of $7.38 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. The business has a fifty day moving average of $81.58 and a two-hundred day moving average of $80.02. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.
Institutional Trading of Sprouts Farmers Market
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in Sprouts Farmers Market in the second quarter valued at approximately $29,000. TD Private Client Wealth LLC increased its stake in Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after acquiring an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Sprouts Farmers Market during the first quarter worth $25,000. Bell Investment Advisors Inc acquired a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Sprouts Farmers Market in the second quarter valued at $29,000.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. JPMorgan Chase & Co. raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and increased their price target for the company from $80.00 to $103.00 in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. UBS Group boosted their price objective on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $84.00 target price on shares of Sprouts Farmers Market in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.25.
Read Our Latest Stock Analysis on SFM
Sprouts Farmers Market Company Profile
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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