Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 61.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,638 shares of the company's stock after selling 13,860 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Sprouts Farmers Market were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the fourth quarter worth $31,000. Avior Wealth Management LLC raised its stake in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares during the last quarter. GeoWealth Management LLC boosted its position in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC grew its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $51,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $161.59 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 2.31 and a beta of 0.87. The business has a 50-day moving average of $153.36 and a 200-day moving average of $148.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sprouts Farmers Market's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 4,060 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $557,925.20. Following the completion of the transaction, the senior vice president now directly owns 11,432 shares in the company, valued at approximately $1,570,985.44. This trade represents a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the sale, the vice president now owns 9,347 shares in the company, valued at $1,284,464.74. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,141 shares of company stock valued at $14,851,836 in the last ninety days. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Roth Mkm raised their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note 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 company an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have given 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 an average price target of $167.79.

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.

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