Globeflex Capital L P Sells 2,759 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Globeflex Capital L P trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,750 shares of the company’s stock after selling 2,759 shares during the period. Globeflex Capital L P’s holdings in Sprouts Farmers Market were worth $3,399,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wesbanco Bank Inc. grew its stake in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock worth $3,642,000 after buying an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust boosted its stake in Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after acquiring an additional 80 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after acquiring an additional 90 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in Sprouts Farmers Market by 2.6% in the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after acquiring an additional 96 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock opened at $136.75 on Friday. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. 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 company has a 50-day simple moving average of $150.76 and a two-hundred day simple moving average of $133.96. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 20th. The company reported $0.79 EPS 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%. Analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity

In related news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at $20,741,491.26. This represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the transaction, the director now owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,564 shares of company stock worth $2,413,770. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” 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. Bank of America increased their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.15.

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.