Annex Advisory Services LLC Sells 4,203 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Annex Advisory Services LLC cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,312 shares of the company’s stock after selling 4,203 shares during the quarter. Annex Advisory Services LLC owned about 0.18% of Sprouts Farmers Market worth $23,039,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares during the period. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $13,348,000. SpiderRock Advisors LLC bought a new position in Sprouts Farmers Market during the third quarter worth $3,252,000. Charles Schwab Investment Management Inc. grew its holdings in Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the period. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market in the fourth quarter worth $1,517,000.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares in the company, valued at $4,459,571.64. This trade represents a 25.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock worth $8,778,152. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SFM. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America upped their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Stock Down 0.9 %

Sprouts Farmers Market stock opened at $139.25 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $48.98 and a fifty-two week high of $155.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm’s 50-day simple moving average is $141.53 and its 200 day simple moving average is $117.05. The stock has a market cap of $13.92 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

About Sprouts Farmers Market

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.