Annex Advisory Services LLC Sells 4,203 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Annex Advisory Services LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 181,312 shares of the company’s stock after selling 4,203 shares during the quarter. Annex Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $23,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SFM. CIBC Asset Management Inc boosted its position in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after buying an additional 101 shares during the period. Caprock Group LLC boosted its holdings in shares of Sprouts Farmers Market by 1.9% during the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after purchasing an additional 102 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Sprouts Farmers Market by 22.6% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $79,000 after purchasing an additional 114 shares during the last quarter. UMB Bank n.a. increased its holdings in Sprouts Farmers Market by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after purchasing an additional 126 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its position in Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after purchasing an additional 148 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SFM. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $118.40.

Insider Activity at Sprouts Farmers Market

In other news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,869 shares of company stock valued at $8,778,152. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $139.25 on Monday. The business has a fifty day moving average price of $141.53 and a 200-day moving average price of $117.05. 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 company has a market capitalization of $13.92 billion, a PE ratio of 40.25, a PEG ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1-year low of $48.98 and a 1-year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS 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.