Thematics Asset Management Sells 3,860 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Thematics Asset Management trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,064 shares of the company's stock after selling 3,860 shares during the quarter. Thematics Asset Management's holdings in Sprouts Farmers Market were worth $5,853,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SFM. Mirova boosted its holdings in shares of Sprouts Farmers Market by 14.7% in the fourth quarter. Mirova now owns 25,731 shares of the company's stock valued at $3,270,000 after acquiring an additional 3,296 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Sprouts Farmers Market by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 114,946 shares of the company's stock valued at $14,606,000 after purchasing an additional 7,703 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Sprouts Farmers Market by 131.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 52,047 shares of the company's stock valued at $6,614,000 after buying an additional 29,548 shares during the period. First Trust Advisors LP raised its position in Sprouts Farmers Market by 20.8% in the fourth quarter. First Trust Advisors LP now owns 172,311 shares of the company's stock worth $21,896,000 after acquiring an additional 29,704 shares in the last quarter. Finally, GeoWealth Management LLC lifted 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 during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $1.78 during midday trading on Wednesday, hitting $165.08. The company had a trading volume of 1,509,124 shares, compared to its average volume of 1,424,372. The stock has a market cap of $16.21 billion, a PE ratio of 43.90, a P/E/G ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 1-year low of $64.02 and a 1-year high of $178.99. The business's 50 day simple moving average is $150.11 and its two-hundred day simple moving average is $143.65. 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 (NASDAQ:SFM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $149.36, for a total value of $435,384.40. Following the sale, the chief executive officer now owns 189,315 shares in the company, valued at approximately $28,276,088.40. The trade was a 1.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the sale, the vice president now owns 9,347 shares of the company's stock, valued at $1,284,464.74. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,764 shares of company stock valued at $13,562,649 over the last quarter. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Evercore ISI cut their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Roth Mkm upped their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Finally, BMO Capital Markets lifted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus 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.