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

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 10,788 shares of the business’s 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 directly owned 269,980 shares in the company, valued at $14,616,717.20. This trade represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, October 5th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The shares were sold at an average price of $64.48, for a total value of $695,610.24.
• On Friday, October 2nd, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was 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 value of $891,736.08.

Sprouts Farmers Market Stock Down 4.8%

NASDAQ SFM 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 company has a quick ratio of 0.39, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $66.52 and its 200-day simple moving average is $75.63. The firm has a market cap of $4.53 billion, a PE ratio of 9.42, a P/E/G ratio of 1.28 and a beta of 0.76.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the firm posted $1.22 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.95 earnings per share for the current year.

Institutional Trading of Sprouts Farmers Market

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mawer Investment Management Ltd. increased its position in shares of Sprouts Farmers Market by 12.6% during the third quarter. Mawer Investment Management Ltd. now owns 208,791 shares of the company’s stock valued at $13,853,000 after acquiring an additional 23,411 shares during the last quarter. 10Elms LLP raised its stake in shares of Sprouts Farmers Market by 333.3% in the 3rd quarter. 10Elms LLP now owns 650 shares of the company’s stock valued at $43,000 after acquiring an additional 500 shares during the period. Aberdeen Group plc raised its stake in shares of Sprouts Farmers Market by 1,988.1% in the 3rd quarter. Aberdeen Group plc now owns 88,138 shares of the company’s stock valued at $5,848,000 after acquiring an additional 83,917 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $13,614,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Sprouts Farmers Market by 37.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 228,406 shares of the company’s stock worth $15,155,000 after acquiring an additional 62,133 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SFM shares. Barclays dropped their price target on shares of Sprouts Farmers Market from $100.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. The Goldman Sachs Group reduced their price target on shares of 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. Evercore reaffirmed an “outperform” rating and set a $95.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, September 1st. Jefferies Financial Group decreased their price objective on Sprouts Farmers Market from $95.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Finally, Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus 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.