Arjuna Capital Has $3.97 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Arjuna Capital decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,252 shares of the company's stock after selling 5,339 shares during the quarter. Sprouts Farmers Market comprises 1.1% of Arjuna Capital's investment portfolio, making the stock its 28th largest holding. Arjuna Capital's holdings in Sprouts Farmers Market were worth $3,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the 4th quarter worth $31,000. Avior Wealth Management LLC lifted its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of 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 purchasing an additional 162 shares during the last quarter.

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Analysts Set New Price Targets

SFM has been the topic of several research analyst reports. Northcoast Research upgraded 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 note on Friday, February 28th. Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Finally, UBS Group boosted their price target 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. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $154.15.

Sprouts Farmers Market Trading Up 1.8 %

SFM traded up $2.49 during mid-day trading on Wednesday, reaching $137.40. The stock had a trading volume of 1,555,734 shares, compared to its average volume of 1,586,255. The firm's fifty day simple moving average is $150.54 and its two-hundred day simple moving average is $133.94. The stock has a market capitalization of $13.55 billion, a P/E ratio of 36.54, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $60.46 and a 52 week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares of the company's stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,564 shares of company stock valued at $6,890,970. Company insiders own 1.10% of the company's stock.

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.