CreativeOne Wealth LLC Decreases Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

CreativeOne Wealth LLC trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,855 shares of the company's stock after selling 1,959 shares during the quarter. CreativeOne Wealth LLC's holdings in Sprouts Farmers Market were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Sprouts Farmers Market by 55.0% in the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after acquiring an additional 7,355 shares during the period. Unified Investment Management purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $1,161,000. JPMorgan Chase & Co. increased its position 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 valued at $149,020,000 after buying an additional 156,175 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $13,348,000. Finally, Wells Fargo & Company MN lifted its position in shares of Sprouts Farmers Market by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock valued at $23,046,000 after buying an additional 37,637 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SFM. Jefferies Financial Group upped their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus target price of $167.00.

Sprouts Farmers Market Trading Up 1.1 %

NASDAQ:SFM traded up $1.78 on Wednesday, hitting $165.08. The stock had a trading volume of 1,509,124 shares, compared to its average volume of 1,423,041. The company has a fifty day moving average price of $150.35 and a two-hundred day moving average price of $143.50. Sprouts Farmers Market, Inc. has a 1-year low of $64.02 and a 1-year high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 2.31 and a beta of 0.87.

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

Insider Activity

In related news, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now owns 28,571 shares in the company, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 96,764 shares of company stock valued at $13,562,649 in the last quarter. Insiders own 1.10% of the company's stock.

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.