CIBC Private Wealth Group LLC Sells 16,904 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

CIBC Private Wealth Group LLC trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 506,874 shares of the company's stock after selling 16,904 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.51% of Sprouts Farmers Market worth $71,064,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC increased 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 purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its position 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 purchasing an additional 132 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $51,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Sprouts Farmers Market by 32.9% during the 4th 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 period.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total transaction of $302,680.00. Following the completion of the sale, the insider now directly owns 13,263 shares in the company, valued at approximately $2,007,222.42. This trade represents a 13.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the transaction, the vice president now directly owns 9,347 shares in the company, valued at $1,284,464.74. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,784 shares of company stock valued at $13,534,466 over the last ninety days. 1.10% of the stock is owned by company insiders.

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Sprouts Farmers Market Price Performance

Shares of SFM traded up $3.09 during trading hours on Wednesday, reaching $158.34. The stock had a trading volume of 1,261,564 shares, compared to its average volume of 1,381,453. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. The company's 50-day moving average is $152.20 and its two-hundred day moving average is $138.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market capitalization of $15.52 billion, a PE ratio of 42.11, a PEG ratio of 2.31 and a beta of 0.67.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SFM shares. UBS Group boosted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $160.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Finally, StockNews.com downgraded shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $167.00.

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.