Pinnacle Wealth Planning Services Inc. Lowers Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 44.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,730 shares of the company's stock after selling 3,825 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Sprouts Farmers Market were worth $601,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SFM. Barclays PLC lifted its holdings in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock valued at $21,975,000 after purchasing an additional 111,838 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $205,000. Nisa Investment Advisors LLC lifted its stake in Sprouts Farmers Market by 5.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,174 shares of the company's stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sprouts Farmers Market by 14.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,580 shares of the company's stock valued at $2,488,000 after acquiring an additional 2,430 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after acquiring an additional 130 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $165.08, for a total value of $481,208.20. Following the sale, the chief executive officer now owns 183,485 shares in the company, valued at approximately $30,289,703.80. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares in the company, valued at $609,595.12. This trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,277 shares of company stock worth $18,912,055 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded up $4.97 during trading on Wednesday, hitting $169.27. The company's stock had a trading volume of 1,905,296 shares, compared to its average volume of 1,442,865. The business has a fifty day moving average of $159.98 and a 200-day moving average of $151.19. Sprouts Farmers Market, Inc. has a 52 week low of $74.15 and a 52 week high of $178.99. The company has a market cap of $16.56 billion, a PE ratio of 45.02, a P/E/G ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sprouts Farmers Market's revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SFM shares. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. UBS Group boosted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI upped their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Roth Mkm raised their target price 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. Finally, Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and an average price target of $167.79.

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.