Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Fmr LLC

FMR LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,678,771 shares of the company's stock after selling 3,225,183 shares during the period. FMR LLC owned about 1.68% of Sprouts Farmers Market worth $213,321,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of Sprouts Farmers Market by 66.6% during the 4th quarter. Federated Hermes Inc. now owns 381,168 shares of the company's stock valued at $48,435,000 after buying an additional 152,359 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Sprouts Farmers Market by 30.7% during the fourth quarter. Russell Investments Group Ltd. now owns 84,181 shares of the company's stock valued at $10,698,000 after purchasing an additional 19,750 shares during the period. Wedbush Securities Inc. lifted its position in shares of Sprouts Farmers Market by 14.7% during the fourth quarter. Wedbush Securities Inc. now owns 2,591 shares of the company's stock worth $329,000 after purchasing an additional 332 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Sprouts Farmers Market by 39.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 169,614 shares of the company's stock valued at $21,553,000 after purchasing an additional 47,571 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Sprouts Farmers Market by 30.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 24,515 shares of the company's stock valued at $3,115,000 after purchasing an additional 5,660 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $0.71 during mid-day trading on Friday, reaching $160.15. 1,270,951 shares of the company's stock traded hands, compared to its average volume of 1,422,890. Sprouts Farmers Market, Inc. has a 12 month low of $62.72 and a 12 month high of $178.99. The stock has a market capitalization of $15.72 billion, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The business's 50-day moving average price is $150.97 and its 200-day moving average price is $142.26. 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 (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.96 billion. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the sale, the chief executive officer now owns 189,449 shares in the company, valued at $26,034,081.58. This represents a 20.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares in the company, valued at approximately $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 96,764 shares of company stock valued at $13,562,649. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

SFM has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $160.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, 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. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.