Envestnet Asset Management Inc. Has $21.55 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Envestnet Asset Management Inc. raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 39.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,614 shares of the company's stock after buying an additional 47,571 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Sprouts Farmers Market worth $21,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFM. National Bank of Canada FI lifted its position in shares of Sprouts Farmers Market by 2,831.9% during the 3rd quarter. National Bank of Canada FI now owns 5,424 shares of the company's stock worth $599,000 after buying an additional 5,239 shares during the last quarter. Barclays PLC grew its holdings in shares of Sprouts Farmers Market by 128.3% during the third quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after purchasing an additional 111,838 shares during the last quarter. Rule One Partners LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $14,022,000. Sanctuary Advisors LLC grew its stake in Sprouts Farmers Market by 9.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,578 shares of the company's stock worth $1,720,000 after buying an additional 1,402 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at approximately $13,348,000.

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 dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,764 shares of company stock valued at $13,562,649 in the last ninety days. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded up $0.71 during trading hours on Friday, reaching $160.15. The company's stock had a trading volume of 1,270,951 shares, compared to its average volume of 1,422,890. Sprouts Farmers Market, Inc. has a 52 week low of $62.72 and a 52 week high of $178.99. The business has a 50-day simple moving average of $150.97 and a 200 day simple moving average of $142.26. The stock has a market cap of $15.72 billion, a PE ratio of 42.59, a PEG 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 (NASDAQ:SFM - Get Free Report) last announced 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 business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Roth Mkm upped their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. BMO Capital Markets upped their price target 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $167.00.

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.