Assetmark Inc. Has $113.81 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Assetmark Inc. trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,030,747 shares of the company's stock after selling 57,846 shares during the period. Assetmark Inc. owned about 1.03% of Sprouts Farmers Market worth $113,805,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of Sprouts Farmers Market by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,183 shares of the company's stock valued at $1,366,000 after purchasing an additional 1,428 shares during the period. Csenge Advisory Group acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $232,000. Texas Permanent School Fund Corp lifted its stake in shares of Sprouts Farmers Market by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 88,885 shares of the company's stock valued at $5,731,000 after purchasing an additional 1,150 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $219,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Sprouts Farmers Market by 3.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,488 shares of the company's stock valued at $483,000 after purchasing an additional 252 shares during the period.

Sprouts Farmers Market Stock Up 3.2 %

Shares of NASDAQ SFM traded up $4.50 during mid-day trading on Friday, hitting $145.15. The company had a trading volume of 1,388,805 shares, compared to its average volume of 1,335,502. The company has a market capitalization of $14.51 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 2.13 and a beta of 0.54. The firm has a 50-day simple moving average of $113.85 and a two-hundred day simple moving average of $93.95. 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 one year low of $39.98 and a one year high of $146.27.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the company earned $0.65 EPS. Sprouts Farmers Market's revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In related news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the firm's 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 completion of the sale, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company's stock, valued at $4,459,571.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,148 shares of company stock worth $6,143,836. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SFM. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, July 29th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Bank of America lifted 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $115.40.

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.