Brown Advisory Inc. Has $1.30 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Brown Advisory Inc. trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 50.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,505 shares of the company's stock after selling 8,771 shares during the period. Brown Advisory Inc.'s holdings in Sprouts Farmers Market were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $6,168,000. Raymond James Financial Inc. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $19,926,000. Daiwa Securities Group Inc. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $762,000. HighTower Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 55.0% during the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after purchasing an additional 7,355 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter.

Sprouts Farmers Market Trading Up 0.9%

SFM traded up $1.58 during trading on Thursday, reaching $168.85. The company had a trading volume of 184,102 shares, compared to its average volume of 1,563,701. The firm's 50-day simple moving average is $164.04 and its 200 day simple moving average is $156.17. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.06 and a beta of 0.77. Sprouts Farmers Market, Inc. has a 12-month low of $81.41 and a 12-month high of $182.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. Sprouts Farmers Market's revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SFM. UBS Group increased their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $173.00 price objective (up previously from $172.00) on shares of Sprouts Farmers Market in a report on Tuesday. Finally, Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and a consensus target price of $167.86.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 2,247 shares of Sprouts Farmers Market stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $173.00, for a total transaction of $388,731.00. Following the transaction, the vice president owned 7,979 shares of the company's stock, valued at $1,380,367. The trade was a 21.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 4,054 shares of Sprouts Farmers Market stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $160.45, for a total value of $650,464.30. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $28,037,033. This trade represents a 2.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,035 shares of company stock worth $12,213,719 in the last three months. Insiders own 1.10% of the company's stock.

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.