Trek Financial LLC Sells 22,702 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Trek Financial LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,811 shares of the company’s stock after selling 22,702 shares during the period. Trek Financial LLC’s holdings in Sprouts Farmers Market were worth $6,584,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Sprouts Farmers Market during the 4th quarter valued at $143,113,000. Congress Asset Management Co. boosted its holdings in shares of 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 during the period. Wealthfront Advisers LLC acquired a new position in Sprouts Farmers Market in the 4th quarter valued at about $64,117,000. Wellington Management Group LLP bought a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $18,259,000. Finally, Raymond James Financial Inc. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $19,926,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares in the company, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Alisa Gmelich sold 445 shares of the firm’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 $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares of the company’s stock, valued at approximately $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,784 shares of company stock valued at $13,534,466. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SFM. Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Bank of America upped their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets raised their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.00.

Sprouts Farmers Market Trading Down 5.2 %

NASDAQ SFM opened at $145.29 on Friday. The business’s fifty day moving average is $152.55 and its 200 day moving average is $139.18. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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.