Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Position Raised by Assetmark Inc.

Assetmark Inc. lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,055,002 shares of the company's stock after purchasing an additional 13,184 shares during the period. Assetmark Inc. owned about 1.04% of Sprouts Farmers Market worth $50,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $43,000. Principal Securities Inc. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $54,000. Finally, Baldwin Brothers LLC MA lifted its holdings in shares of 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 during the period.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 31,710 shares of Sprouts Farmers Market stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 274,981 shares in the company, valued at approximately $17,332,052.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jack Sinclair sold 31,710 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the transaction, the chief executive officer now owns 274,981 shares of the company's stock, valued at $17,332,052.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 82,495 shares of the company's stock, valued at $5,125,414.35. The disclosure for this sale can be found here. Insiders sold a total of 210,567 shares of company stock valued at $13,722,524 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an "underperform" rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Thursday, May 9th. Wells Fargo & Company increased 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, May 2nd. Finally, Evercore ISI lifted their price target on Sprouts Farmers Market from $68.00 to $70.00 and gave the company an "in-line" rating in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $57.25.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded down $0.77 during trading hours on Tuesday, hitting $78.42. The stock had a trading volume of 1,002,059 shares, compared to its average volume of 1,327,992. Sprouts Farmers Market, Inc. has a 1-year low of $32.12 and a 1-year high of $79.68. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.80 and a beta of 0.50. The stock's fifty day moving average is $67.28 and its two-hundred day moving average is $55.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The firm's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 3.11 earnings per share 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.