Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Trimmed by GTS Securities LLC

GTS Securities LLC lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 79.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,513 shares of the company's stock after selling 9,787 shares during the quarter. GTS Securities LLC's holdings in Sprouts Farmers Market were worth $319,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings 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 period. Greenleaf Trust grew its holdings in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after purchasing an additional 90 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after purchasing an additional 95 shares during the period. Finally, JT Stratford LLC boosted its holdings in Sprouts Farmers Market by 0.9% in the 4th quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after acquiring an additional 100 shares during the period.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now directly owns 28,571 shares of the company's stock, valued at $4,137,080.80. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 49,898 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at approximately $26,034,081.58. The trade was a 20.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,547 shares of company stock valued at $22,307,280 over the last three months. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SFM shares. BMO Capital Markets upped their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on 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 Mkm increased their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada increased their target price 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. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded up $6.04 on Friday, hitting $173.47. 2,423,670 shares of the stock traded hands, compared to its average volume of 1,448,570. 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 company has a market capitalization of $16.98 billion, a PE ratio of 46.14, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company's fifty day moving average is $160.89 and its 200 day moving average is $151.52.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company posted $1.12 EPS. The business's revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal 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.