Jackson Creek Investment Advisors LLC Sells 4,192 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Jackson Creek Investment Advisors LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 29.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,251 shares of the company's stock after selling 4,192 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Sprouts Farmers Market were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SFM. Whipplewood Advisors LLC increased its position in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the period. Dogwood Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $30,000. GeoWealth Management LLC lifted its stake in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares in the last quarter. Versant Capital Management Inc lifted its position in 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 in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Sprouts Farmers Market by 100.9% in the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock valued at $69,000 after purchasing an additional 228 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on SFM. 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. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. UBS Group lifted their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a $173.00 price objective (up previously from $172.00) on shares of Sprouts Farmers Market in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on 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. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $167.86.

Sprouts Farmers Market Price Performance

Shares of SFM traded down $3.96 during mid-day trading on Friday, reaching $165.65. 1,180,830 shares of the stock traded hands, compared to its average volume of 1,571,088. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $81.41 and a 1 year high of $182.00. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.77. The firm has a fifty day moving average price of $164.35 and a 200 day moving average price of $156.73.

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

Insiders Place Their Bets

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $167.16, for a total transaction of $167,160.00. Following the transaction, the director directly owned 8,598 shares in the company, valued at $1,437,241.68. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nicholas Konat sold 20,270 shares of the business's stock in a transaction that occurred on 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 sale, the chief operating officer owned 55,675 shares of the company's stock, valued at $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,035 shares of company stock valued at $12,213,719 over the last three months. 1.10% of the stock is currently owned by company insiders.

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.