Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394,599 shares of the company's stock after selling 188,297 shares during the period. Invesco Ltd. owned approximately 1.43% of Sprouts Farmers Market worth $212,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after acquiring an additional 92 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $30,000. GeoWealth Management LLC raised its stake in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 111.3% in the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after acquiring an additional 168 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 100.9% in the 1st quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock valued at $69,000 after acquiring an additional 228 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SFM shares. Royal Bank Of Canada upped their target price on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Jefferies Financial Group raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Friday, August 1st. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, UBS Group set a $180.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Moderate Buy" and a consensus price target of $172.20.

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 20,270 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $167.50, for a total value of $3,395,225.00. Following the completion of the transaction, the chief operating officer owned 55,675 shares in the company, valued at $9,325,562.50. This trade represents a 26.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $147.57, for a total transaction of $1,475,700.00. Following the completion of the sale, the director directly owned 18,164 shares in the company, valued at approximately $2,680,461.48. The trade was a 35.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,504 shares of company stock worth $9,407,691 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $2.23 during trading hours on Friday, hitting $145.64. The company had a trading volume of 1,386,472 shares, compared to its average volume of 1,602,424. The company's 50-day moving average is $159.43 and its two-hundred day moving average is $158.60. Sprouts Farmers Market, Inc. has a twelve month low of $95.25 and a twelve month high of $182.00. The company has a market cap of $14.23 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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.