Edgestream Partners L.P. Reduces Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Edgestream Partners L.P. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,559 shares of the company’s stock after selling 1,350 shares during the period. Edgestream Partners L.P.’s holdings in Sprouts Farmers Market were worth $2,867,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SFM. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC boosted its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $138.99, for a total transaction of $794,188.86. Following the completion of the sale, the chief executive officer now directly owns 158,148 shares in the company, valued at approximately $21,980,990.52. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,264 shares of company stock valued at $6,995,193 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $136.97 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The firm’s 50 day moving average price is $150.28 and its 200 day moving average price is $133.42. The company has a market cap of $13.50 billion, a P/E ratio of 36.43, a PEG ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on SFM shares. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. UBS Group boosted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $154.00.

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.