Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,149 shares of the company's stock after selling 25,452 shares during the period. Merit Financial Group LLC owned approximately 0.08% of Sprouts Farmers Market worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. VisionPoint Advisory Group LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Sprouts Farmers Market during the fourth quarter worth $38,000. GAMMA Investing LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $43,000. FinTrust Capital Advisors LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at $49,000. Finally, Baldwin Brothers LLC MA raised its position in shares of Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company's stock worth $61,000 after acquiring an additional 210 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 417 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was 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 in the company, valued at $645,377.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Stacy W. Hilgendorf sold 3,774 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $62.26, for a total transaction of $234,969.24. Following the completion of the sale, the vice president now owns 10,748 shares in the company, valued at $669,170.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy W. Hilgendorf sold 417 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $26,049.99. Following 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. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America raised Sprouts Farmers Market from an "underperform" rating to a "buy" rating and upped their target price for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. The Goldman Sachs Group upped their target price 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 reduced their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an "in-line" rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an "underweight" rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an "underperform" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus price target of $53.50.

Sprouts Farmers Market Trading Up 2.3 %

NASDAQ SFM traded up $1.68 during trading on Friday, hitting $73.68. The stock had a trading volume of 2,076,372 shares, compared to its average volume of 1,492,326. The company has a market capitalization of $7.40 billion, a PE ratio of 25.41, a PEG ratio of 2.50 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $63.94 and a 200 day moving average price of $52.94. Sprouts Farmers Market, Inc. has a twelve month low of $32.12 and a twelve month high of $74.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current year.

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.