California Public Employees Retirement System Cuts Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

California Public Employees Retirement System decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 479,903 shares of the company's stock after selling 3,127 shares during the quarter. California Public Employees Retirement System owned approximately 0.48% of Sprouts Farmers Market worth $60,981,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after buying an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $51,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Sprouts Farmers Market by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company's stock worth $58,000 after buying an additional 114 shares during the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Evercore ISI dropped their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Roth Mkm raised their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded down $7.99 during mid-day trading on Friday, reaching $145.29. The company had a trading volume of 3,152,269 shares, compared to its average volume of 1,394,787. The stock's 50-day simple moving average is $152.55 and its 200-day simple moving average is $139.42. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market capitalization of $14.24 billion, a P/E ratio of 38.64, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate 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.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at approximately $609,595.12. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total value of $302,680.00. Following the completion of the sale, the insider now owns 13,263 shares in the company, valued at $2,007,222.42. This represents a 13.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,784 shares of company stock valued at $13,534,466 in the last 90 days. 1.10% of the stock is currently owned by insiders.

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.