Bosun Asset Management LLC Sells 1,453 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bosun Asset Management LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,547 shares of the company's stock after selling 1,453 shares during the period. Bosun Asset Management LLC's holdings in Sprouts Farmers Market were worth $451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter worth approximately $31,000. GeoWealth Management LLC increased its position in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Sprouts Farmers Market by 93.5% during the 4th 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 buying an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $51,000.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $3.41 during mid-day trading on Friday, hitting $161.59. The company had a trading volume of 1,719,771 shares, compared to its average volume of 1,427,907. Sprouts Farmers Market, Inc. has a 12 month low of $74.15 and a 12 month high of $178.99. 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 firm has a market cap of $15.81 billion, a P/E ratio of 42.98, a PEG ratio of 2.31 and a beta of 0.87. The business's 50-day simple moving average is $153.36 and its 200-day simple moving average is $148.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm earned $1.12 EPS. Sprouts Farmers Market's revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 445 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the business's stock in a transaction 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 completion of the transaction, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. This represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,141 shares of company stock valued at $14,851,836 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Friday, February 28th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. UBS Group boosted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group upped their target price 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $167.79.

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.