Boston Common Asset Management LLC Lowers Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Boston Common Asset Management LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 50.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,250 shares of the company's stock after selling 65,472 shares during the period. Boston Common Asset Management LLC owned approximately 0.07% of Sprouts Farmers Market worth $9,960,000 as of its most recent SEC filing.

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

Sprouts Farmers Market Stock Up 3.6%

Sprouts Farmers Market stock traded up $6.04 during midday trading on Friday, reaching $173.47. The company's stock had a trading volume of 2,423,670 shares, compared to its average volume of 1,448,570. Sprouts Farmers Market, Inc. has a fifty-two week low of $74.15 and a fifty-two week 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 market cap of $16.98 billion, a P/E ratio of 46.14, a P/E/G ratio of 2.31 and a beta of 0.87. The business has a 50-day simple moving average of $160.89 and a 200-day simple moving average of $151.52.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the firm'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 $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at approximately $609,595.12. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $6,856,983.16. Following the transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,547 shares of company stock valued at $22,307,280. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SFM shares. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group increased their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada increased their price objective on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price objective for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.