Assetmark Inc. Sells 154,839 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Assetmark Inc. lowered its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,908 shares of the company’s stock after selling 154,839 shares during the period. Assetmark Inc.’s holdings in Sprouts Farmers Market were worth $111,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter worth about $31,000. Avior Wealth Management LLC lifted its stake in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC boosted its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares in the last quarter.

Sprouts Farmers Market Trading Down 1.1 %

Shares of NASDAQ SFM opened at $145.35 on Wednesday. Sprouts Farmers Market, Inc. has a 1-year low of $60.46 and a 1-year high of $178.99. The company has a 50-day moving average of $149.41 and a two-hundred day moving average of $132.21. The company has a market cap of $14.33 billion, a PE ratio of 38.66, a P/E/G ratio of 2.31 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 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 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares in the company, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,264 shares of company stock worth $6,271,193 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SFM. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Friday, February 28th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. 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 note on Tuesday, February 11th. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lifted their price target 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 five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $154.00.

About Sprouts Farmers Market

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.