Corient Private Wealth LLC Sells 6,986 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Corient Private Wealth LLC cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,197 shares of the company’s stock after selling 6,986 shares during the quarter. Corient Private Wealth LLC’s holdings in Sprouts Farmers Market were worth $5,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after buying an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after buying an additional 156,175 shares in the last quarter. Congress Asset Management Co. lifted its position in Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after buying an additional 632,523 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sprouts Farmers Market by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company’s stock worth $125,430,000 after buying an additional 3,836 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Sprouts Farmers Market by 1.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after buying an additional 10,326 shares in the last quarter.

Sprouts Farmers Market Stock Up 1.9 %

Shares of SFM opened at $142.39 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The firm has a market cap of $14.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The firm’s 50-day simple moving average is $150.88 and its 200 day simple moving average is $135.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on SFM. JPMorgan Chase & Co. boosted their price target 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. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $162.92.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. This represents a 9.78 % 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 that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now owns 9,347 shares in the company, valued at approximately $1,284,464.74. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,501 shares of company stock worth $11,616,851 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.