Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 875,908 shares of the company’s stock after selling 154,839 shares during the quarter. Assetmark Inc. owned 0.88% of Sprouts Farmers Market worth $111,302,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Sprouts Farmers Market by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sprouts Farmers Market by 13.1% in the 3rd 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. Congress Asset Management Co. increased its stake in Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after purchasing an additional 632,523 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sprouts Farmers Market by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company’s stock worth $125,430,000 after buying an additional 3,836 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock valued at $77,122,000 after buying an additional 10,326 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now owns 10,874 shares in the company, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 42,264 shares of company stock worth $6,271,193. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Evercore ISI increased their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $154.00.

Sprouts Farmers Market Trading Down 1.1 %

NASDAQ:SFM opened at $145.35 on Wednesday. The company’s 50 day moving average is $149.41 and its 200-day moving average is $132.21. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Equities analysts anticipate 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.