Annex Advisory Services LLC Has $26.86 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Annex Advisory Services LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,969 shares of the company's stock after selling 5,343 shares during the quarter. Annex Advisory Services LLC owned 0.18% of Sprouts Farmers Market worth $26,860,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Portside Wealth Group LLC raised its position in Sprouts Farmers Market by 65.7% during the first quarter. Portside Wealth Group LLC now owns 5,279 shares of the company's stock valued at $806,000 after acquiring an additional 2,094 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Sprouts Farmers Market by 100.9% in the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock valued at $69,000 after buying an additional 228 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares in the last quarter. RFG Advisory LLC increased its position in shares of Sprouts Farmers Market by 7.6% in the first quarter. RFG Advisory LLC now owns 8,660 shares of the company's stock valued at $1,322,000 after buying an additional 615 shares in the last quarter. Finally, Anderson Hoagland & Co. purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $2,866,000.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 775 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $106,500.50. Following the transaction, the insider now directly owns 15,943 shares of the company's stock, valued at $2,190,887.06. This represents a 4.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stacy W. Hilgendorf sold 890 shares of the business'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 $122,303.80. Following the completion of the sale, the vice president now owns 9,347 shares of the company's stock, valued at $1,284,464.74. This trade represents a 8.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,825 shares of company stock worth $21,813,320 in the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SFM. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Royal Bank of Canada boosted their price objective on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Evercore ISI boosted their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. UBS Group boosted their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Performance

Shares of SFM traded down $3.02 during mid-day trading on Thursday, reaching $168.12. 1,610,274 shares of the company's stock were exchanged, compared to its average volume of 1,455,178. 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 business's fifty day simple moving average is $162.80 and its 200-day simple moving average is $152.37. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $182.00. The stock has a market capitalization of $16.45 billion, a PE ratio of 44.71, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sprouts Farmers Market's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 earnings per share. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share 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.