Los Angeles Capital Management LLC Has $5.82 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Los Angeles Capital Management LLC decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,101 shares of the company's stock after selling 6,986 shares during the period. Los Angeles Capital Management LLC's holdings in Sprouts Farmers Market were worth $5,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC boosted its position in shares of 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 acquiring an additional 92 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter worth approximately $30,000. GeoWealth Management LLC boosted its position in shares of 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 acquiring an additional 142 shares in the last quarter. Versant Capital Management Inc lifted its stake 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 purchasing an additional 168 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $63,000.

Sprouts Farmers Market Trading Up 0.1%

NASDAQ SFM traded up $0.16 during mid-day trading on Thursday, reaching $163.50. 533,281 shares of the stock were exchanged, compared to its average volume of 1,731,308. Sprouts Farmers Market, Inc. has a one year low of $82.54 and a one year high of $182.00. The stock has a 50 day simple moving average of $164.75 and a 200-day simple moving average of $157.41. The stock has a market cap of $16.00 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $1.12 earnings per share. Sprouts Farmers Market's quarterly revenue was up 18.7% on a year-over-year basis. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Ratings Changes

SFM has been the subject of several research reports. Royal Bank Of Canada reissued 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, July 15th. UBS Group increased their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 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, Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $168.20.

Insider Buying and Selling at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 2,247 shares of Sprouts Farmers Market stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $173.00, for a total transaction of $388,731.00. Following the completion of the transaction, the vice president owned 7,979 shares of the company's stock, valued at $1,380,367. This trade represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nicholas Konat sold 20,270 shares of Sprouts Farmers Market stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the transaction, the chief operating officer directly owned 55,675 shares of the company's stock, valued at $9,325,562.50. This represents a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 corporate 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.