Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Abundance Wealth Counselors

Abundance Wealth Counselors trimmed its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,279 shares of the company’s stock after selling 1,818 shares during the period. Abundance Wealth Counselors’ holdings in Sprouts Farmers Market were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SFM. Accent Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth about $25,000. Avior Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 93.5% during 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 in the last quarter. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares in the last quarter.

Analyst Upgrades and Downgrades

SFM has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $119.40.

Insider Activity at Sprouts Farmers Market

In other news, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the sale, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the transaction, the chief executive officer now directly owns 199,576 shares in the company, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,869 shares of company stock worth $8,778,152. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 1.3 %

SFM opened at $158.34 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1-year low of $49.81 and a 1-year high of $160.03. The company has a fifty day moving average price of $142.63 and a two-hundred day moving average price of $121.25. The company has a market cap of $15.83 billion, a P/E ratio of 45.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.