Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Lessened by Pure Financial Advisors LLC

Pure Financial Advisors LLC trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,690 shares of the company’s stock after selling 428 shares during the quarter. Pure Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its position in Sprouts Farmers Market by 28.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 494 shares of the company’s stock valued at $63,000 after acquiring an additional 110 shares in the last quarter. UMB Bank n.a. raised its position in Sprouts Farmers Market by 32.6% during the fourth quarter. UMB Bank n.a. now owns 802 shares of the company’s stock valued at $102,000 after acquiring an additional 197 shares in the last quarter. Diversify Wealth Management LLC bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $221,000. Hanseatic Management Services Inc. raised its position in Sprouts Farmers Market by 828.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 8,641 shares of the company’s stock valued at $1,098,000 after acquiring an additional 7,710 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Sprouts Farmers Market by 5.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 6,828 shares of the company’s stock valued at $868,000 after acquiring an additional 383 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the sale, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at $4,459,571.64. This represents a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock worth $8,778,152 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 5.6 %

Shares of Sprouts Farmers Market stock opened at $147.00 on Wednesday. The company’s fifty day simple moving average is $141.40 and its 200-day simple moving average is $117.90. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 1.84 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, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $0.65 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current 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.