Abundance Wealth Counselors Lowers Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Abundance Wealth Counselors lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,845 shares of the company’s stock after selling 460 shares during the quarter. Abundance Wealth Counselors’ holdings in Sprouts Farmers Market were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SFM. Nordea Investment Management AB raised its stake in Sprouts Farmers Market by 614.5% during the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after buying an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after buying an additional 1,237,610 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Sprouts Farmers Market during the fourth quarter valued at $23,992,000. Goldman Sachs Group Inc. raised its stake in Sprouts Farmers Market by 36.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after buying an additional 398,901 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in shares of Sprouts Farmers Market by 90.2% in the 4th quarter. Reinhart Partners LLC. now owns 741,211 shares of the company’s stock worth $35,660,000 after purchasing an additional 351,446 shares in the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.05, for a total transaction of $99,216.10. Following the completion of the sale, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the completion of the sale, the chief operating officer now owns 51,495 shares of the company’s stock, valued at $3,817,839.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the sale, the senior vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $412,775. The disclosure for this sale can be found here. Insiders sold 66,147 shares of company stock valued at $4,999,299 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group lifted their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Evercore ISI lifted their target price on Sprouts Farmers Market from $75.00 to $77.00 and gave the stock an “in-line” rating in a report on Tuesday. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $64.25.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $82.64 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. Sprouts Farmers Market, Inc. has a one year low of $36.16 and a one year high of $84.46. The firm has a market capitalization of $8.30 billion, a P/E ratio of 28.50, a PEG ratio of 3.17 and a beta of 0.55. The business has a fifty day moving average of $77.08 and a 200 day moving average of $63.61.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sprouts Farmers Market’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current year.

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.