Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $82.66, for a total transaction of $891,736.08. Following the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at $22,316,546.80. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Tuesday, August 4th, Jack Sinclair sold 10,788 shares of Sprouts Farmers Market stock. The stock was 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 stock was 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 value of $885,211.60.
Sprouts Farmers Market Stock Up 2.9%
Shares of SFM opened at $81.40 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $141.24. 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 stock has a 50 day simple moving average of $81.56 and a two-hundred day simple moving average of $80.03. The firm has a market cap of $7.59 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.96 and a beta of 0.67.
Institutional Investors Weigh In On Sprouts Farmers Market
Institutional investors and hedge funds have recently bought and sold shares of the business. Focus Partners Wealth purchased a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $400,000. Baird Financial Group Inc. boosted its holdings in Sprouts Farmers Market by 77.7% in the second quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock valued at $578,000 after acquiring an additional 1,534 shares in the last quarter. Cerity Partners LLC increased its position in Sprouts Farmers Market by 13.1% during the 2nd quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock valued at $3,713,000 after purchasing an additional 2,609 shares during the period. Daiwa Securities Group Inc. raised its holdings in Sprouts Farmers Market by 12.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock worth $3,767,000 after purchasing an additional 2,460 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Sprouts Farmers Market by 64.0% in the 2nd quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock worth $1,896,000 after purchasing an additional 4,492 shares during the period.
Analyst Upgrades and Downgrades
SFM has been the topic of several analyst reports. UBS Group lifted their price objective on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $84.00 price target on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and issued a $95.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. Finally, Roth Capital set a $82.00 price target on shares of Sprouts Farmers Market in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.25.
Get Our Latest Research Report on Sprouts Farmers Market
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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