Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 18.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,400 shares of the company's stock after selling 81,400 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.38% of Sprouts Farmers Market worth $56,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SFM. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $31,000. GeoWealth Management LLC boosted its stake in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after purchasing an additional 142 shares during the period. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after purchasing an additional 132 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Sprouts Farmers Market by 111.3% during the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after purchasing an additional 168 shares during the period.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now directly owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. The trade was a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Terri F. Graham sold 1,278 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total value of $230,040.00. Following the transaction, the director now directly owns 32,910 shares in the company, valued at $5,923,800. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,825 shares of company stock worth $21,813,320. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SFM. Wells Fargo & Company increased 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 note on Thursday, May 1st. UBS Group increased their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note 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 research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, Bank of America upped their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Trading Down 1.2%

Shares of NASDAQ:SFM traded down $1.98 during trading on Wednesday, reaching $159.90. 1,462,554 shares of the stock were exchanged, compared to its average volume of 1,458,232. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 12-month low of $74.15 and a 12-month high of $182.00. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The firm's 50-day moving average price is $163.69 and its 200 day moving average price is $152.91.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The company's revenue for the quarter 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.

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.