Portside Wealth Group LLC Sells 2,849 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Portside Wealth Group LLC decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 54.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,407 shares of the company's stock after selling 2,849 shares during the quarter. Portside Wealth Group LLC's holdings in Sprouts Farmers Market were worth $367,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% in the first 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $31,000. GeoWealth Management LLC boosted its position 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 worth $34,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Sprouts Farmers Market by 84.1% during the fourth 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 increased its holdings in Sprouts Farmers Market by 111.3% in the first 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. UBS Group lifted their price objective 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. Jefferies Financial Group boosted their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their target price on shares of 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. Finally, Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and an average target price of $167.79.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 775 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $106,500.50. Following the completion of the transaction, the insider now directly owns 15,943 shares in the company, valued at $2,190,887.06. This trade represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 49,898 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at $26,034,081.58. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,675 shares of company stock worth $22,127,407 over the last ninety days. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Up 0.6%

Shares of SFM traded up $0.88 during midday trading on Friday, hitting $157.92. The stock had a trading volume of 1,482,568 shares, compared to its average volume of 1,466,792. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The company has a 50 day simple moving average of $164.15 and a two-hundred day simple moving average of $153.01. Sprouts Farmers Market, Inc. has a twelve month low of $76.31 and a twelve month high of $182.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $2.20 billion. During the same period last year, the company 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.

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.