Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 86.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,777 shares of the company's stock after selling 66,686 shares during the period. SG Americas Securities LLC's holdings in Sprouts Farmers Market were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. VisionPoint Advisory Group LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Canada Pension Plan Investment Board acquired a new position in Sprouts Farmers Market in the first quarter valued at approximately $35,000. Ronald Blue Trust Inc. lifted its stake in Sprouts Farmers Market by 80.3% during the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company's stock worth $36,000 after purchasing an additional 370 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in Sprouts Farmers Market during the third quarter worth $49,000. Finally, Baldwin Brothers LLC MA lifted its stake in Sprouts Farmers Market by 20.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company's stock worth $61,000 after purchasing an additional 210 shares in the last quarter.

Sprouts Farmers Market Stock Up 1.4 %

NASDAQ:SFM traded up $0.89 during trading hours on Friday, hitting $63.46. The company's stock had a trading volume of 948,052 shares, compared to its average volume of 1,302,663. The stock has a market capitalization of $6.42 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50. The stock has a fifty day moving average of $58.65 and a 200-day moving average of $49.74. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $65.53.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Evercore ISI increased their price objective on Sprouts Farmers Market from $62.00 to $63.00 and gave the company an "in-line" rating in a research note on Tuesday. Finally, Bank of America upgraded Sprouts Farmers Market from an "underperform" rating to a "buy" rating and increased their price objective for the company from $30.00 to $70.00 in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $51.43.

Insider Transactions at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 3,865 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the sale, the insider now owns 8,328 shares in the company, valued at $518,084.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Brandon F. Lombardi sold 3,865 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the sale, the insider now owns 8,328 shares in the company, valued at $518,084.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stacy W. Hilgendorf sold 417 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $26,049.99. Following the completion of the sale, the vice president now owns 10,331 shares of the company's stock, valued at approximately $645,377.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,852 shares of company stock worth $10,032,745. Company insiders own 1.20% of the company's stock.

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.