Trek Financial LLC Sells 22,702 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Trek Financial LLC reduced its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,811 shares of the company's stock after selling 22,702 shares during the quarter. Trek Financial LLC owned approximately 0.05% of Sprouts Farmers Market worth $6,584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC grew 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 valued at $2,633,000 after acquiring an additional 7,355 shares during the period. Unified Investment Management purchased a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $1,161,000. JPMorgan Chase & Co. grew its holdings in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after purchasing an additional 156,175 shares during the period. World Investment Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter worth $13,348,000. Finally, First Hawaiian Bank bought a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at $1,517,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SFM shares. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Jefferies Financial Group raised their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" 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. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus target price of $167.00.

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Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total transaction of $302,680.00. Following the completion of the sale, the insider now owns 13,263 shares of the company's stock, valued at $2,007,222.42. The trade was a 13.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares of the company's stock, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,784 shares of company stock valued at $13,534,466 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded up $2.56 during trading hours on Friday, hitting $156.48. 698,643 shares of the company's stock traded hands, compared to its average volume of 1,412,470. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The business's fifty day simple moving average is $151.87 and its two-hundred day simple moving average is $140.74. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.34 billion, a P/E ratio of 41.30, a P/E/G ratio of 2.31 and a beta of 0.87.

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 analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.