Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Free Report) CEO Jack Sinclair sold 10,790 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $82.04, for a total transaction of $885,211.60. Following the completion of the transaction, the chief executive officer owned 269,980 shares in the company, valued at $22,149,159.20. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 transaction of $937,692.96.
- 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 shares were 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 shares were sold at an average price of $80.82, for a total value 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 value of $83,507.76.
Sprouts Farmers Market Price Performance
NASDAQ SFM opened at $88.12 on Friday. The stock has a 50-day simple moving average of $80.38 and a 200 day simple moving average of $78.04. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $173.96. The stock has a market capitalization of $8.29 billion, a PE ratio of 16.95, a P/E/G ratio of 1.84 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.42 and a current ratio of 0.92.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. TD Private Client Wealth LLC lifted its position in Sprouts Farmers Market by 1,309.1% in the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after purchasing an additional 288 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $25,000. Sound Income Strategies LLC bought a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $29,000. Finally, Clearstead Advisors LLC increased its stake in Sprouts Farmers Market by 72.7% in the fourth 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.
Analyst Ratings Changes
A number of equities analysts recently issued reports on SFM shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $70.00 target price on shares of Sprouts Farmers Market in a research report on Friday, February 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research report on Monday, June 1st. UBS Group dropped their price objective on shares of Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $111.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.08.
Get Our Latest 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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