Envestnet Portfolio Solutions Inc. Has $928,000 Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Envestnet Portfolio Solutions Inc. boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,304 shares of the company's stock after buying an additional 2,833 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Sprouts Farmers Market were worth $928,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SFM. HighTower Advisors LLC lifted its position in shares of Sprouts Farmers Market by 55.0% during the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after buying an additional 7,355 shares during the last quarter. Unified Investment Management acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $1,161,000. JPMorgan Chase & Co. lifted its holdings in shares of Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth about $13,348,000. Finally, First Hawaiian Bank acquired a new position in Sprouts Farmers Market during the 4th quarter worth approximately $1,517,000.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at approximately $1,326,755.10. This represents a 9.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,935 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now owns 149,499 shares of the company's stock, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,784 shares of company stock valued at $13,231,786 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

A number of analysts have weighed in on SFM shares. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their target price for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Jefferies Financial Group lifted their price target 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. Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Trading Down 1.0 %

Shares of NASDAQ:SFM traded down $1.47 during midday trading on Thursday, reaching $148.31. The company's stock had a trading volume of 1,053,996 shares, compared to its average volume of 1,313,840. The firm has a 50 day moving average price of $151.44 and a two-hundred day moving average price of $136.79. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.31 and a beta of 0.67. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) 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 analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.