Reinhart Partners LLC. Reduces Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Reinhart Partners LLC. decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,092 shares of the company's stock after selling 82,919 shares during the period. Reinhart Partners LLC. owned approximately 0.15% of Sprouts Farmers Market worth $22,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SFM. Vanguard Group Inc. increased its stake in Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock valued at $1,347,554,000 after purchasing an additional 56,652 shares in the last quarter. Renaissance Technologies LLC increased its stake in Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock valued at $567,322,000 after purchasing an additional 24,000 shares in the last quarter. Marshall Wace LLP increased its stake in Sprouts Farmers Market by 10.1% in the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock valued at $234,231,000 after purchasing an additional 168,605 shares in the last quarter. Invesco Ltd. increased its stake in Sprouts Farmers Market by 22.9% in the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock valued at $201,139,000 after purchasing an additional 294,553 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Sprouts Farmers Market by 13.5% in the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock valued at $172,199,000 after purchasing an additional 160,882 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on SFM. UBS Group lifted their price target 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. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Finally, Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Stock Up 0.6%

SFM stock traded up $1.05 during trading on Friday, reaching $169.17. The stock had a trading volume of 1,121,666 shares, compared to its average volume of 1,456,344. Sprouts Farmers Market, Inc. has a one year low of $74.15 and a one year high of $182.00. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company's 50 day moving average is $163.08 and its two-hundred day moving average is $152.55. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 44.99, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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 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 the consensus estimate of $2.20 billion. During the same period in the prior year, the firm posted $1.12 EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity

In related news, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Terri F. Graham sold 1,278 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the sale, the director now owns 32,910 shares in the company, valued at $5,923,800. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,825 shares of company stock valued at $21,813,320 in the last three months. Company insiders own 1.10% of the company's stock.

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.