Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,730 shares of the company’s stock after selling 3,825 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Sprouts Farmers Market were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SFM. Beacon Harbor Wealth Advisors Inc. increased its stake in Sprouts Farmers Market by 0.3% in the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 58,143 shares of the company’s stock valued at $7,388,000 after purchasing an additional 170 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Sprouts Farmers Market in the fourth quarter valued at $19,926,000. Arizona State Retirement System increased its stake in Sprouts Farmers Market by 0.4% in the fourth quarter. Arizona State Retirement System now owns 29,049 shares of the company’s stock valued at $3,691,000 after purchasing an additional 117 shares during the last quarter. Aigen Investment Management LP acquired a new position in Sprouts Farmers Market in the fourth quarter valued at $976,000. Finally, Proficio Capital Partners LLC acquired a new position in Sprouts Farmers Market in the fourth quarter valued at $6,168,000.

Analyst Upgrades and Downgrades

SFM has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Evercore ISI raised their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $154.00.

Sprouts Farmers Market Price Performance

SFM stock opened at $138.11 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The stock has a 50-day simple moving average of $149.96 and a 200-day simple moving average of $132.63. 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 firm has a market cap of $13.62 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total value of $794,188.86. Following the completion of the transaction, the chief executive officer now owns 158,148 shares in the company, valued at approximately $21,980,990.52. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,264 shares of company stock worth $6,271,193 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market 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.