Robeco Institutional Asset Management B.V. Lowers Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Robeco Institutional Asset Management B.V. reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,998 shares of the company's stock after selling 19,346 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.25% of Sprouts Farmers Market worth $37,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings 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. Summit Investment Advisors Inc. boosted its holdings in Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock valued at $3,896,000 after acquiring an additional 95 shares during the last quarter. JT Stratford LLC boosted its holdings in Sprouts Farmers Market by 0.9% in the fourth quarter. JT Stratford LLC now owns 11,091 shares of the company's stock valued at $1,409,000 after acquiring an additional 100 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in Sprouts Farmers Market by 1.4% in the fourth quarter. Vident Advisory LLC now owns 7,641 shares of the company's stock valued at $971,000 after acquiring an additional 108 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Evercore ISI upped their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Friday, February 28th. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Finally, Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and an average target price of $167.79.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $149.36, for a total value of $435,384.40. Following the completion of the sale, the chief executive officer now directly owns 189,315 shares of the company's stock, valued at approximately $28,276,088.40. This represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Nicholas Konat sold 20,270 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total value of $3,395,225.00. Following the completion of the sale, the chief operating officer now directly owns 55,675 shares of the company's stock, 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 have sold 72,905 shares of company stock valued at $11,963,931 over the last ninety days. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Trading Up 1.1%

Shares of Sprouts Farmers Market stock traded up $1.69 on Friday, reaching $162.13. 16,915,288 shares of the company's stock were exchanged, compared to its average volume of 1,553,432. The company has a market capitalization of $15.87 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. Sprouts Farmers Market, Inc. has a 52 week low of $79.34 and a 52 week high of $182.00. The firm's 50-day moving average is $165.66 and its two-hundred day moving average is $153.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. Sprouts Farmers Market's revenue for the quarter was up 18.7% on a year-over-year basis. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal 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.