Lord Abbett & CO. LLC Sells 106,816 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lord Abbett & CO. LLC cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 31.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,380 shares of the company's stock after selling 106,816 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.24% of Sprouts Farmers Market worth $30,037,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at about $31,000. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the fourth quarter worth $51,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SFM shares. Royal Bank of Canada restated a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. JPMorgan Chase & Co. upped their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. Jefferies Financial Group upped 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. Finally, Evercore ISI cut their price target 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, March 11th. 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, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Trading Up 0.8 %

NASDAQ:SFM opened at $168.03 on Friday. Sprouts Farmers Market, Inc. has a one year low of $64.02 and a one year high of $178.99. The company's 50-day simple moving average is $149.83 and its 200 day simple moving average is $144.59. The firm has a market capitalization of $16.50 billion, a P/E ratio of 44.69, a PEG ratio of 2.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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 return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the business's 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 completion of the transaction, the insider now owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy W. Hilgendorf sold 229 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $31,929.47. Following the completion of the sale, the vice president now owns 10,226 shares of the company's stock, valued at $1,425,811.18. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,764 shares of company stock valued at $13,562,649. 1.10% of the stock is owned by insiders.

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.

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