Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Trimmed by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 63.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,143 shares of the company's stock after selling 5,443 shares during the quarter. Petra Financial Advisors Inc.'s holdings in Sprouts Farmers Market were worth $480,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in Sprouts Farmers Market by 55.0% during the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after buying an additional 7,355 shares in the last quarter. Unified Investment Management acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $1,161,000. Wells Fargo & Company MN lifted its position in shares of Sprouts Farmers Market by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock valued at $23,046,000 after acquiring an additional 37,637 shares in the last quarter. Andrew Hill Investment Advisors Inc. boosted its stake in Sprouts Farmers Market by 145.8% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company's stock worth $2,585,000 after purchasing an additional 12,067 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Sprouts Farmers Market in the 4th quarter worth approximately $2,618,000.

Insiders Place Their Bets

In other news, CMO Alisa Gmelich sold 677 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $175.18, for a total value of $118,596.86. Following the transaction, the chief marketing officer now owns 5,552 shares of the company's stock, valued at $972,599.36. This trade represents a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer now owns 55,675 shares in the company, valued at $9,325,562.50. The trade was a 26.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,188 shares of company stock valued at $13,578,866 over the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

SFM has been the topic of several recent analyst reports. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $167.79.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $165.96 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The firm has a market cap of $16.24 billion, a PE ratio of 37.29, a PEG ratio of 1.88 and a beta of 0.81. The firm's 50 day moving average price is $165.12 and its 200 day moving average price is $153.35. Sprouts Farmers Market, Inc. has a twelve month low of $76.62 and a twelve month high of $182.00.

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 analysts' consensus estimates of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. Sprouts Farmers Market's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal 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.

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