Sfmg LLC Has $227,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sfmg LLC lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,716 shares of the company’s stock after selling 300 shares during the period. Sfmg LLC’s holdings in Sprouts Farmers Market were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sprouts Farmers Market by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,147 shares of the company’s stock valued at $2,364,000 after purchasing an additional 3,354 shares in the last quarter. Private Client Services LLC bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at about $764,000. Mackenzie Financial Corp raised its holdings in shares of Sprouts Farmers Market by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 8,470 shares of the company’s stock valued at $407,000 after buying an additional 233 shares during the last quarter. Strs Ohio raised its holdings in shares of Sprouts Farmers Market by 11.7% in the fourth quarter. Strs Ohio now owns 10,500 shares of the company’s stock valued at $505,000 after buying an additional 1,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at about $1,371,000.

Insider Activity

In other news, CMO Alisa Gmelich sold 479 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $29,923.13. Following the completion of the sale, the chief marketing officer now directly owns 2,987 shares of the company’s stock, valued at approximately $186,597.89. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Alisa Gmelich sold 479 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $29,923.13. Following the completion of the transaction, the chief marketing officer now directly owns 2,987 shares in the company, valued at approximately $186,597.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The disclosure for this sale can be found here. Insiders sold a total of 160,852 shares of company stock valued at $10,032,745 in the last ninety days. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $62.42 on Thursday. The stock has a market capitalization of $6.32 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.27 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 1-year low of $32.12 and a 1-year high of $65.53. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $60.61 and a two-hundred day moving average price of $50.92.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Analysts Set New Price Targets

SFM has been the subject of a number of research analyst reports. Evercore ISI cut their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price target for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.14.

Sprouts Farmers Market 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.