The Manufacturers Life Insurance Company Sells 1,441 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

The Manufacturers Life Insurance Company lowered its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,703 shares of the company's stock after selling 1,441 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of Sprouts Farmers Market worth $14,702,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the sale, the vice president now owns 9,347 shares of the company's stock, valued at approximately $1,284,464.74. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,056 shares of company stock valued at $15,006,735 in the last 90 days. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $3.26 during trading hours on Tuesday, hitting $169.45. The company had a trading volume of 1,422,984 shares, compared to its average volume of 1,416,001. 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 one year low of $73.66 and a one year high of $178.99. The firm has a 50-day moving average of $152.42 and a 200 day moving average of $147.30. The firm has a market cap of $16.64 billion, a PE ratio of 45.07, a PEG ratio of 2.31 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SFM. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. UBS Group upped their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group lifted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $167.79.

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.