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

Pure Financial Advisors LLC lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,690 shares of the company’s stock after selling 428 shares during the period. Pure Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SFM. Marshall Wace LLP increased its holdings in shares of Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after acquiring an additional 435,767 shares during the period. Fiera Capital Corp acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $31,712,000. Millennium Management LLC increased its holdings in shares of Sprouts Farmers Market by 314.8% in the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after acquiring an additional 169,888 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $18,259,000.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $147.00 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $48.98 and a twelve month high of $155.64. 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 50-day moving average of $141.40 and a 200-day moving average of $117.90. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 42.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI increased their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $118.40.

Insiders Place Their Bets

In other news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the completion of the sale, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at $26,463,777.60. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock worth $8,778,152 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

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.