White Pine Investment CO Sells 7,910 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

White Pine Investment CO trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,263 shares of the company's stock after selling 7,910 shares during the period. Sprouts Farmers Market accounts for about 3.4% of White Pine Investment CO's investment portfolio, making the stock its 6th biggest holding. White Pine Investment CO owned approximately 0.08% of Sprouts Farmers Market worth $12,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management raised its stake in shares of Sprouts Farmers Market by 1.8% in the 1st quarter. Spire Wealth Management now owns 9,940 shares of the company's stock valued at $1,517,000 after purchasing an additional 173 shares during the period. Archford Capital Strategies LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $743,000. Strategic Investment Advisors MI boosted its stake in shares of Sprouts Farmers Market by 7.9% in the first quarter. Strategic Investment Advisors MI now owns 6,630 shares of the company's stock valued at $1,012,000 after buying an additional 488 shares during the period. Scharf Investments LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $218,000. Finally, Oppenheimer Asset Management Inc. raised its position in Sprouts Farmers Market by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,592 shares of the company's stock valued at $2,227,000 after purchasing an additional 165 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 2,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total value of $302,680.00. Following the transaction, the insider now owns 13,263 shares of the company's stock, valued at approximately $2,007,222.42. This trade represents a 13.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy W. Hilgendorf sold 2,247 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $173.00, for a total transaction of $388,731.00. Following the completion of the transaction, the vice president now directly owns 7,979 shares in the company, valued at approximately $1,380,367. The trade was a 21.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,905 shares of company stock valued at $11,963,931 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Evercore ISI upped their price target 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. increased their price objective 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, Jefferies Financial Group increased their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $167.79.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $166.47 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $16.29 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The firm's fifty day simple moving average is $165.51 and its two-hundred day simple moving average is $153.61. Sprouts Farmers Market, Inc. has a 12 month low of $79.34 and a 12 month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS 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 analysts' expectations of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.