Counterpoint Mutual Funds LLC Sells 6,381 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Counterpoint Mutual Funds LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 54.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,362 shares of the company's stock after selling 6,381 shares during the period. Counterpoint Mutual Funds LLC's holdings in Sprouts Farmers Market were worth $681,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Unified Investment Management bought a new stake in Sprouts Farmers Market in the fourth quarter worth about $1,161,000. JPMorgan Chase & Co. increased its stake in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after purchasing an additional 156,175 shares during the last quarter. World Investment Advisors LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at approximately $13,348,000. First Hawaiian Bank purchased a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $1,517,000. Finally, Charles Schwab Investment Management Inc. increased its position in Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock worth $108,561,000 after buying an additional 48,103 shares during the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of recent research reports. Evercore ISI dropped their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Bank of America lifted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Friday, February 28th. Finally, Jefferies Financial Group lifted their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $162.92.

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Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the completion of the transaction, the chief executive officer now owns 189,449 shares in the company, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kim Coffin sold 756 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.65, for a total value of $106,331.40. Following the completion of the sale, the senior vice president now directly owns 12,625 shares in the company, valued at approximately $1,775,706.25. This represents a 5.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,145 shares of company stock valued at $11,427,787 in the last three months. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded up $2.62 during mid-day trading on Friday, reaching $142.39. The stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,314,823. The stock has a market capitalization of $14.04 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The firm has a 50 day moving average price of $150.79 and a two-hundred day moving average price of $135.24. 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, Inc. has a one year low of $61.61 and a one year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.