State of Tennessee Department of Treasury Reduces Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of Tennessee Department of Treasury cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,254 shares of the company's stock after selling 3,139 shares during the quarter. State of Tennessee Department of Treasury's holdings in Sprouts Farmers Market were worth $5,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC increased its stake in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after acquiring an additional 130 shares during the period. GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Global Retirement Partners LLC increased its position 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 period. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter valued at about $51,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI decreased their target price 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. Jefferies Financial Group raised 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. 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 research note on Friday, February 28th. Royal Bank of Canada reissued a "sector perform" rating and set a $160.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. Finally, Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Nine research 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 currently has a consensus rating of "Hold" and an average price target of $167.00.

Sprouts Farmers Market Trading Up 1.0 %

Shares of Sprouts Farmers Market stock traded up $1.73 during midday trading on Monday, reaching $169.76. The company had a trading volume of 2,465,388 shares, compared to its average volume of 1,422,340. The firm has a market cap of $16.67 billion, a PE ratio of 45.15, a P/E/G ratio of 2.31 and a beta of 0.87. The stock has a fifty day moving average price of $149.83 and a 200 day moving average price of $144.82. 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, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company 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%. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy W. Hilgendorf sold 229 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total value of $31,929.47. Following the completion of the sale, the vice president now directly owns 10,226 shares of the company's stock, valued at approximately $1,425,811.18. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,764 shares of company stock worth $13,562,649. 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.