Envestnet Portfolio Solutions Inc. Has $785,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Envestnet Portfolio Solutions Inc. lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 29.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,140 shares of the company's stock after selling 2,164 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Sprouts Farmers Market were worth $785,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. State of Alaska Department of Revenue raised its position in Sprouts Farmers Market by 1.8% during the 1st quarter. State of Alaska Department of Revenue now owns 17,637 shares of the company's stock worth $2,691,000 after purchasing an additional 310 shares during the last quarter. Mezzasalma Advisors LLC raised its position in shares of Sprouts Farmers Market by 27.8% in the 1st quarter. Mezzasalma Advisors LLC now owns 21,108 shares of the company's stock worth $3,222,000 after acquiring an additional 4,594 shares in the last quarter. Prosperity Wealth Management Inc. grew its stake in shares of Sprouts Farmers Market by 4.2% in the 1st quarter. Prosperity Wealth Management Inc. now owns 4,312 shares of the company's stock valued at $658,000 after buying an additional 175 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $270,000. Finally, Brown Miller Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $333,000.

Sprouts Farmers Market Trading Down 1.1%

Shares of Sprouts Farmers Market stock opened at $164.62 on Thursday. The company has a market capitalization of $16.11 billion, a P/E ratio of 36.99, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The company has a fifty day moving average of $165.61 and a 200 day moving average of $153.68. Sprouts Farmers Market, Inc. has a fifty-two week low of $79.34 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business's revenue was up 18.7% on a year-over-year basis. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. UBS Group lifted their price target 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. Evercore ISI lifted their price target 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. Wells Fargo & Company lifted 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 report on Thursday, May 1st. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $167.79.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $149.36, for a total transaction of $435,384.40. Following the completion of the sale, the chief executive officer now directly owns 189,315 shares in the company, valued at approximately $28,276,088.40. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Terri F. Graham sold 1,278 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the completion of the transaction, the director now owns 32,910 shares of the company's stock, valued at approximately $5,923,800. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,905 shares of company stock valued at $11,963,931. 1.10% of the stock is currently owned by company insiders.

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.

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