Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,043,114 shares of the company’s stock after selling 44,977 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Sprouts Farmers Market were worth $132,550,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market during the 4th quarter worth $31,000. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its position in 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 buying an additional 130 shares during the period. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at about $51,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SFM shares. UBS Group increased their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price objective for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Evercore ISI reduced their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $167.00.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, SVP Kim Coffin sold 4,060 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $557,925.20. Following the transaction, the senior vice president now directly owns 11,432 shares in the company, valued at $1,570,985.44. This represents a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the completion of the sale, the vice president now directly owns 9,347 shares of the company’s stock, valued at $1,284,464.74. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,764 shares of company stock valued at $13,562,649 in the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.8 %

NASDAQ SFM opened at $168.03 on Friday. 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 fifty-two week low of $64.02 and a fifty-two week high of $178.99. The business has a 50 day moving average price of $149.83 and a two-hundred day moving average price of $144.59. The stock has a market cap of $16.50 billion, a PE ratio of 44.69, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion during 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%. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 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.