Farther Finance Advisors LLC Sells 4,405 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Farther Finance Advisors LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 80.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,049 shares of the company's stock after selling 4,405 shares during the quarter. Farther Finance Advisors LLC's holdings in Sprouts Farmers Market were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SFM. EverSource Wealth Advisors LLC lifted its position 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 valued at $251,000 after purchasing an additional 77 shares during the period. HighTower Advisors LLC lifted its holdings 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 valued at $2,633,000 after buying an additional 7,355 shares during the period. Prosperity Wealth Management Inc. lifted its holdings in shares of Sprouts Farmers Market by 16.4% during the 4th quarter. Prosperity Wealth Management Inc. now owns 4,137 shares of the company's stock valued at $526,000 after buying an additional 582 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $64,117,000. Finally, Davis R M Inc. purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at $209,000.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $3.03 on Monday, hitting $145.42. 1,745,735 shares of the company traded hands, compared to its average volume of 1,317,914. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The business has a 50-day simple moving average of $150.88 and a 200 day simple moving average of $136.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market capitalization of $14.26 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. Research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on SFM shares. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Bank of America increased their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Finally, Evercore ISI cut their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $162.92.

Insider Buying and Selling

In related news, VP Stacy W. Hilgendorf sold 229 shares of the stock in a transaction 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 sale, the vice president now owns 10,226 shares in the company, valued at approximately $1,425,811.18. This represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 289 shares of Sprouts Farmers Market stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $40,295.27. Following the transaction, the chief marketing officer now directly owns 6,229 shares of the company's stock, valued at $868,509.47. The trade was a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,501 shares of company stock worth $11,616,851. Corporate 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.