Geode Capital Management LLC Cuts Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Geode Capital Management LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,478,746 shares of the company’s stock after selling 5,313 shares during the period. Geode Capital Management LLC’s holdings in Sprouts Farmers Market were worth $317,087,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC increased its position in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter worth $51,000. Finally, V Square Quantitative Management LLC grew its stake in Sprouts Farmers Market by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock worth $58,000 after buying an additional 114 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares of the company’s stock, valued at $609,595.12. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,784 shares of company stock valued at $13,534,466 over the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 5.2 %

Sprouts Farmers Market stock opened at $145.29 on Friday. 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 stock has a market capitalization of $14.24 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The business has a 50 day simple moving average of $152.55 and a 200-day simple moving average of $138.96. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SFM. UBS Group increased their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Jefferies Financial Group raised their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Evercore ISI lowered their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Roth Mkm upped their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Ten research 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 presently has an average rating of “Hold” and an average target price of $167.00.

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.