Globeflex Capital L P Has $3.40 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Globeflex Capital L P reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,750 shares of the company’s stock after selling 2,759 shares during the quarter. Globeflex Capital L P’s holdings in Sprouts Farmers Market were worth $3,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Congress Asset Management Co. grew its stake in shares of Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after buying an additional 632,523 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $64,117,000. Wellington Management Group LLP purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $18,259,000. Raymond James Financial Inc. purchased a new position in Sprouts Farmers Market in the 4th quarter worth approximately $19,926,000. Finally, JPMorgan Chase & Co. raised its holdings in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SFM shares. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday. Jefferies Financial Group upped their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $154.15.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the sale, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,564 shares of company stock worth $2,413,770. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 2.4 %

Shares of NASDAQ SFM opened at $136.75 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $150.76 and a 200 day moving average price of $133.96. Sprouts Farmers Market, Inc. has a 52 week low of $60.46 and a 52 week high of $178.99. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 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.