Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Trimmed by Clean Yield Group

Clean Yield Group trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,077 shares of the company's stock after selling 11,111 shares during the quarter. Sprouts Farmers Market makes up 3.9% of Clean Yield Group's holdings, making the stock its 2nd biggest position. Clean Yield Group owned approximately 0.08% of Sprouts Farmers Market worth $11,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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. purchased a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. GeoWealth Management LLC boosted its stake in 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 acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of 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 period.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Terri F. Graham sold 1,278 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total value of $230,040.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Alisa Gmelich sold 445 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. This trade represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,825 shares of company stock valued at $21,813,320 over the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $169.17 on Friday. The company has a 50-day simple moving average of $163.08 and a two-hundred day simple moving average of $152.62. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. 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 $16.55 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 2.31 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company's revenue was up 18.7% on a year-over-year basis. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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.

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