Great Lakes Advisors LLC Has $23.40 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Great Lakes Advisors LLC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,174 shares of the company's stock after selling 45,991 shares during the quarter. Great Lakes Advisors LLC owned 0.18% of Sprouts Farmers Market worth $23,403,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wesbanco Bank Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock valued at $251,000 after purchasing an additional 77 shares during the period. Greenleaf Trust raised its holdings in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 1.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after purchasing an additional 90 shares during the period. Finally, Ballentine Partners LLC raised its holdings in shares of Sprouts Farmers Market by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock valued at $489,000 after purchasing an additional 96 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction 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 sale, the director now owns 28,571 shares of the company's stock, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,564 shares of company stock valued at $6,890,970. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $134.91 on Wednesday. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. 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 stock has a market capitalization of $13.30 billion, a PE ratio of 35.88, a P/E/G ratio of 2.31 and a beta of 0.67. The company's 50 day simple moving average is $150.39 and its two-hundred day simple moving average is $133.68.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.93% and a return on equity of 29.86%. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the topic of several research reports. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Jefferies Financial Group upped their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $154.15.

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.

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