Abundance Wealth Counselors Has $290,000 Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Abundance Wealth Counselors trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,279 shares of the company's stock after selling 1,818 shares during the period. Abundance Wealth Counselors' holdings in Sprouts Farmers Market were worth $290,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after buying an additional 156,175 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $13,348,000. SpiderRock Advisors LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $3,252,000. Charles Schwab Investment Management Inc. lifted its holdings in Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock worth $108,561,000 after purchasing an additional 48,103 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $1,517,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $119.40.

Sprouts Farmers Market Trading Up 1.3 %

NASDAQ:SFM traded up $2.09 on Friday, hitting $158.34. 1,676,520 shares of the stock were exchanged, compared to its average volume of 1,132,103. 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, Inc. has a 52 week low of $49.81 and a 52 week high of $160.03. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 45.76, a P/E/G ratio of 2.05 and a beta of 0.63. The company's 50-day moving average price is $142.63 and its 200 day moving average price is $121.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The business's quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the firm'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 transaction of $407,201.90. Following the sale, the chief executive officer now directly owns 149,499 shares in the company, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph D. O'leary sold 350 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares in the company, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock valued at $8,778,152 over the last three months. Company insiders own 1.10% of the company's stock.

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.