Insider Selling: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Sells 2,915 Shares of Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jack Sinclair also recently made the following trade(s):

• On Wednesday, January 15th, Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90.
• On Tuesday, December 17th, Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $138.99, for a total value of $794,188.86.
• On Thursday, December 12th, Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00.

Sprouts Farmers Market Trading Down 1.2 %

SFM stock traded down $1.99 during midday trading on Friday, reaching $167.97. The company’s stock had a trading volume of 922,563 shares, compared to its average volume of 1,259,857. The business’s 50-day simple moving average is $143.83 and its 200-day simple moving average is $123.56. The stock has a market cap of $16.80 billion, a PE ratio of 48.55, a price-to-earnings-growth ratio of 2.09 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52 week low of $50.12 and a 52 week high of $170.50. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SFM. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upped their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $119.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SFM. HighTower Advisors LLC boosted its stake in Sprouts Farmers Market by 55.0% during the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock worth $2,633,000 after acquiring an additional 7,355 shares during the last quarter. Prosperity Wealth Management Inc. raised its holdings in Sprouts Farmers Market by 16.4% in the fourth quarter. Prosperity Wealth Management Inc. now owns 4,137 shares of the company’s stock worth $526,000 after purchasing an additional 582 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth $64,117,000. Davis R M Inc. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $209,000. Finally, Vista Investment Partners II LLC bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $4,015,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.