Assetmark Inc. Sells 6,906 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Assetmark Inc. decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 321,610 shares of the company’s stock after selling 6,906 shares during the period. Assetmark Inc. owned approximately 0.30% of Sprouts Farmers Market worth $10,411,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SFM. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sprouts Farmers Market by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,592 shares of the company’s stock valued at $722,000 after purchasing an additional 3,389 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Sprouts Farmers Market during the 1st quarter valued at about $387,000. Rhumbline Advisers lifted its position in Sprouts Farmers Market by 1.6% during the 1st quarter. Rhumbline Advisers now owns 336,039 shares of the company’s stock valued at $10,747,000 after acquiring an additional 5,334 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Sprouts Farmers Market by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,142 shares of the company’s stock valued at $1,316,000 after acquiring an additional 3,923 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Sprouts Farmers Market by 26.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 78,169 shares of the company’s stock valued at $2,588,000 after acquiring an additional 16,200 shares during the period. Institutional investors own 99.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SFM shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $40.00 to $45.00 in a research report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Sprouts Farmers Market in a report on Monday, March 6th. Roth Capital reaffirmed a “neutral” rating on shares of Sprouts Farmers Market in a report on Friday, March 3rd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $21.00 to $26.00 and gave the company an “underperform” rating in a report on Monday, March 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $33.75.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $36.50 on Friday. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.44 and a beta of 0.39. Sprouts Farmers Market, Inc. has a 12-month low of $24.67 and a 12-month high of $39.99. The firm has a 50 day moving average of $34.82 and a 200 day moving average of $33.36. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last posted its quarterly earnings results on Monday, May 1st. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Sprouts Farmers Market had a net margin of 3.83% and a return on equity of 26.55%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 2.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Kim Coffin sold 61,788 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $36.46, for a total value of $2,252,790.48. Following the transaction, the senior vice president now owns 8,165 shares of the company’s stock, valued at $297,695.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kim Coffin sold 61,788 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $36.46, for a total value of $2,252,790.48. Following the transaction, the senior vice president now owns 8,165 shares of the company’s stock, valued at $297,695.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 66,709 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $2,191,390.65. Following the completion of the transaction, the chief executive officer now directly owns 290,928 shares in the company, valued at approximately $9,556,984.80. The disclosure for this sale can be found here. Insiders sold a total of 280,782 shares of company stock worth $9,677,615 over the last three months. 1.20% of the stock is currently owned by company insiders.

Sprouts Farmers Market Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.