Landscape Capital Management L.L.C. Lowers Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Landscape Capital Management L.L.C. reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 95.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,624 shares of the company's stock after selling 31,111 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Sprouts Farmers Market were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its holdings in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after acquiring an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after purchasing an additional 80 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 1.4% during the 4th 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 last quarter. Finally, Ballentine Partners LLC lifted its position in Sprouts Farmers Market by 2.6% in the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock worth $489,000 after buying an additional 96 shares during the last quarter.

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Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $3.40 during midday trading on Monday, reaching $160.67. The company had a trading volume of 202,434 shares, compared to its average volume of 1,413,389. The stock has a market cap of $15.75 billion, a P/E ratio of 42.73, a P/E/G ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The business's 50-day simple moving average is $151.70 and its 200 day simple moving average is $141.30.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the sale, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value 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. This trade represents a 20.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,699 shares of company stock worth $13,969,851. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

SFM has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their target price for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $160.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. Evercore ISI decreased their price objective on shares of 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. Finally, Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $167.00.

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.