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

Annex Advisory Services LLC lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,312 shares of the company's stock after selling 4,203 shares during the quarter. Annex Advisory Services LLC owned approximately 0.18% of Sprouts Farmers Market worth $23,039,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock valued at $275,634,000 after buying an additional 56,161 shares during the period. Marshall Wace LLP grew its position in Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock valued at $130,107,000 after buying an additional 973,666 shares during the period. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% during 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. Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock valued at $108,561,000 after buying an additional 48,103 shares during the period. Finally, Driehaus Capital Management LLC grew its position in Sprouts Farmers Market by 7.8% during the second quarter. Driehaus Capital Management LLC now owns 734,992 shares of the company's stock valued at $61,489,000 after buying an additional 53,165 shares during the period.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded down $1.28 on Monday, reaching $139.25. The stock had a trading volume of 1,343,105 shares, compared to its average volume of 1,167,050. Sprouts Farmers Market, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64. The company has a market cap of $13.92 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $141.53 and its two-hundred day moving average is $117.05.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market's quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock valued at $8,778,152 over the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Melius Research began 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 given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $118.40.

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.