Axa S.A. Sells 30,997 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AXA S.A. trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,022 shares of the company's stock after selling 30,997 shares during the period. AXA S.A. owned 0.08% of Sprouts Farmers Market worth $9,787,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wesbanco Bank Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after acquiring an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust raised its stake in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after purchasing an additional 80 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after buying an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock valued at $3,896,000 after buying an additional 95 shares in the last quarter.

Wall Street Analyst Weigh In

SFM has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Evercore ISI upped their price objective 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. Royal Bank of Canada increased their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. UBS Group boosted their price target on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $167.79.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 2,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $166.74, for a total value of $333,480.00. Following the completion of the transaction, the director now owns 28,164 shares of the company's stock, valued at $4,696,065.36. The trade was a 6.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the transaction, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,141 shares of company stock valued at $14,851,836. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $3.41 during midday trading on Friday, reaching $161.59. The company had a trading volume of 1,719,771 shares, compared to its average volume of 1,427,907. The stock has a fifty day simple moving average of $153.36 and a 200 day simple moving average of $148.03. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm's revenue for the quarter 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, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

About Sprouts Farmers Market

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.