Allspring Global Investments Holdings LLC Sells 87,284 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Allspring Global Investments Holdings LLC reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,060 shares of the company's stock after selling 87,284 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Sprouts Farmers Market worth $3,852,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Sprouts Farmers Market by 2,152.8% during the 4th quarter. International Assets Investment Management LLC now owns 65,670 shares of the company's stock valued at $3,159,000 after buying an additional 62,755 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $232,000. Fulton Bank N.A. grew its stake in Sprouts Farmers Market by 4.2% during the fourth quarter. Fulton Bank N.A. now owns 7,221 shares of the company's stock valued at $347,000 after acquiring an additional 288 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Sprouts Farmers Market by 1.2% during the 4th quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company's stock worth $71,075,000 after acquiring an additional 17,565 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $23,992,000.

Sprouts Farmers Market Trading Up 3.2 %

Shares of SFM stock traded up $2.05 during mid-day trading on Friday, reaching $65.15. The stock had a trading volume of 1,366,723 shares, compared to its average volume of 1,061,277. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $61.13 and its two-hundred day moving average price is $51.24. The firm has a market capitalization of $6.59 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.30 and a beta of 0.50. 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 released its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company posted $0.42 EPS. Sprouts Farmers Market's quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Evercore ISI dropped their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating for the company in a research report on Tuesday. Finally, Bank of America raised Sprouts Farmers Market from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $51.14.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares of the company's stock, valued at approximately $17,332,052.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares in the company, valued at $5,125,414.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 31,710 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total value of $1,998,681.30. Following the completion of the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at $17,332,052.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,852 shares of company stock valued at $10,032,745. 1.10% of the stock is currently owned by company insiders.

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.