Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 36.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 145,092 shares of the company’s stock after selling 82,919 shares during the period. Reinhart Partners LLC. owned approximately 0.15% of Sprouts Farmers Market worth $22,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $143,113,000. Congress Asset Management Co. lifted its position in shares of Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after purchasing an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $64,117,000. Leigh Baldwin & CO. LLC acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $53,946,000. Finally, GAMMA Investing LLC raised its holdings in Sprouts Farmers Market by 18,234.0% in the first quarter. GAMMA Investing LLC now owns 358,246 shares of the company’s stock valued at $54,683,000 after acquiring an additional 356,292 shares in the last quarter.

Insider Activity

In related news, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now owns 9,830 shares of the company’s stock, valued at $1,326,755.10. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 49,898 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares of the company’s stock, valued at $26,034,081.58. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,825 shares of company stock worth $21,813,320. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFM. Bank of America increased their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. UBS Group increased their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Royal Bank of Canada increased their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a “sector perform” rating in a research report on Thursday, May 1st. BMO Capital Markets upped 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 report on Friday, February 21st. Finally, Evercore ISI upped their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $167.79.

Sprouts Farmers Market Trading Up 0.6%

Shares of SFM stock opened at $169.17 on Friday. The company has a market cap of $16.55 billion, a P/E ratio of 44.99, a PEG ratio of 2.31 and a beta of 0.81. The stock has a 50 day simple moving average of $163.08 and a two-hundred day simple moving average of $152.55. 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 $74.15 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 18.7% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market Company 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.