Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,197 shares of the company's stock after selling 6,986 shares during the quarter. Corient Private Wealth LLC's holdings in Sprouts Farmers Market were worth $5,869,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Sprouts Farmers Market by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock worth $275,634,000 after buying an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after acquiring an additional 156,175 shares in the last quarter. Congress Asset Management Co. boosted its holdings in Sprouts Farmers Market by 94.9% in the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after purchasing an additional 632,523 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sprouts Farmers Market by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company's stock valued at $125,430,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in Sprouts Farmers Market by 1.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company's stock valued at $77,122,000 after purchasing an additional 10,326 shares in the last quarter.

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Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. This represents a 9.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,784 shares of company stock valued at $13,231,786. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

SFM has been the subject of several research analyst reports. Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research note on Friday, February 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday. Bank of America raised their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Stock Performance

SFM stock traded up $0.08 on Wednesday, reaching $149.78. The company's stock had a trading volume of 1,267,427 shares, compared to its average volume of 1,313,486. The firm has a fifty day moving average of $151.25 and a two-hundred day moving average of $136.70. 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 $14.68 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99.

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

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.