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, August 4th. The shares were sold at an average price of $86.80, for a total transaction of $936,398.40. Following the completion of the transaction, the chief executive officer owned 269,980 shares of the company’s stock, valued at $23,434,264. This represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a 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 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 Down 1.5%
Shares of NASDAQ SFM opened at $85.86 on Friday. The business has a 50-day simple moving average of $81.85 and a two-hundred day simple moving average of $78.29. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.07. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $153.75. The company has a market cap of $8.01 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.16 and a beta of 0.68.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SFM. Roth Capital set a $82.00 price objective on Sprouts Farmers Market in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. JPMorgan Chase & Co. raised Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $103.00 in a report on Thursday, July 30th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $91.58.
View Our Latest Stock Analysis on Sprouts Farmers Market
Institutional Investors Weigh In On Sprouts Farmers Market
Several hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in Sprouts Farmers Market by 1,309.1% in the 4th quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock worth $25,000 after buying an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth approximately $25,000. Sound Income Strategies LLC purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $27,000. Bell Investment Advisors Inc bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $29,000.
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.
Recommended Stories
- Five stocks we like better than Sprouts Farmers Market
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.
