Strategy Asset Managers LLC Has $247,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Strategy Asset Managers LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,943 shares of the company’s stock after selling 350 shares during the quarter. Strategy Asset Managers LLC’s holdings in Sprouts Farmers Market were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SFM. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its position in Sprouts Farmers Market by 84.1% in the 4th 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 last quarter. SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the 4th quarter worth $51,000. Finally, V Square Quantitative Management LLC boosted its position in Sprouts Farmers Market by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock valued at $58,000 after buying an additional 114 shares during the last quarter.

Analyst Ratings Changes

SFM has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $160.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Jefferies Financial Group raised their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. UBS Group raised 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. Finally, BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $167.00.

Insider Transactions at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 890 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the transaction, the vice president now owns 9,347 shares of the company’s stock, valued at approximately $1,284,464.74. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 289 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $40,295.27. Following the sale, the chief marketing officer now directly owns 6,229 shares in the company, valued at $868,509.47. This trade represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,784 shares of company stock valued at $13,231,786 over the last three months. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 0.4 %

Shares of Sprouts Farmers Market stock opened at $147.76 on Friday. The company has a market capitalization of $14.49 billion, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a 50-day moving average of $151.77 and a two-hundred day moving average of $137.45. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

About Sprouts Farmers Market

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.