Key Points
- Sprouts Farmers Market CEO Jack Sinclair sold 10,788 shares for about $584,000 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 3.84%; he still owned 269,980 shares after the sale.
- The stock was down 4.8% and trading near its 52-week low. Sprouts also slightly missed quarterly earnings and revenue estimates, although revenue grew 4.7% year over year.
- Analysts’ overall rating was Hold, with a consensus price target of $64.77; six analysts rated the shares Buy, seven Hold, and three Sell.
Sprouts Farmers Market, Inc. (NASDAQ:SFM - Get Free Report) CEO Jack Sinclair sold 10,788 shares of the firm's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $54.14, for a total value of $584,062.32. Following the completion of the transaction, the chief executive officer owned 269,980 shares of the company's stock, valued at approximately $14,616,717.20. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was 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 shares were sold at an average price of $64.77, for a total transaction 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%
SFM opened at $49.10 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.44 and a beta of 0.76. The business has a 50 day moving average of $66.52 and a 200-day moving average of $75.63. Sprouts Farmers Market, Inc. has a 1-year low of $47.35 and a 1-year high of $94.89.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.01). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. Sprouts Farmers Market had a return on equity of 33.83% and a net margin of 5.45%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.95 earnings per share for the current year.
Hedge Funds Weigh In On Sprouts Farmers Market
Several large investors have recently modified their holdings of SFM. BlackRock Inc. purchased a new position in Sprouts Farmers Market during the 2nd quarter valued at about $768,171,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Sprouts Farmers Market in the second quarter worth about $131,310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Sprouts Farmers Market by 8.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,464,015 shares of the company's stock valued at $123,826,000 after buying an additional 111,574 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $93,790,000. Finally, AMF Tjanstepension AB increased its stake in shares of Sprouts Farmers Market by 2.7% in the first quarter. AMF Tjanstepension AB now owns 855,628 shares of the company's stock worth $65,995,000 after acquiring an additional 22,863 shares during the period.
Analysts Set New Price Targets
Several analysts have recently commented on SFM shares. 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. Weiss Ratings reissued a "hold (c)" rating on shares of Sprouts Farmers Market in a research note on Monday, September 21st. UBS Group reiterated a "neutral" rating and set a $74.00 target price on shares of Sprouts Farmers Market in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sprouts Farmers Market from $84.00 to $77.00 and set a "hold" rating for the company in a report on Friday, September 25th. Finally, Zacks Research lowered shares of Sprouts Farmers Market from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 29th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $64.77.
Get Our Latest Stock Analysis on SFM
About Sprouts Farmers Market
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
