Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 882,724 shares of the company’s stock after selling 47,217 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sprouts Farmers Market were worth $112,168,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC raised its stake in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC raised its stake in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during the period.

Analysts Set New Price Targets

SFM has been the topic of a number of research analyst reports. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday. BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Wells Fargo & Company boosted 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 research note on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

Sprouts Farmers Market Trading Up 3.9 %

Shares of SFM stock opened at $148.40 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The stock has a market capitalization of $14.63 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. The company has a 50 day moving average price of $149.06 and a 200 day moving average price of $131.62.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the sale, the chief executive officer now directly owns 149,499 shares in the company, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,614 shares of company stock worth $6,323,731. Corporate insiders own 1.10% of the company’s stock.

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.