Axxcess Wealth Management LLC Sells 3,727 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Axxcess Wealth Management LLC decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,201 shares of the company’s stock after selling 3,727 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $395,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after acquiring an additional 2,614,241 shares during the last quarter. Boston Trust Walden Corp raised its position in Sprouts Farmers Market by 1.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock worth $71,075,000 after purchasing an additional 17,565 shares during the last quarter. Invesco Ltd. boosted its position in Sprouts Farmers Market by 6.6% in the 3rd quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock valued at $61,496,000 after buying an additional 88,997 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Sprouts Farmers Market by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 923,396 shares of the company’s stock valued at $39,521,000 after acquiring an additional 16,258 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in Sprouts Farmers Market by 1.5% in the third quarter. Royal London Asset Management Ltd. now owns 906,391 shares of the company’s stock valued at $38,803,000 after acquiring an additional 13,701 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 5,353 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total value of $329,851.86. Following the transaction, the insider now directly owns 10,895 shares in the company, valued at approximately $671,349.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Timmi Zalatoris sold 5,353 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the transaction, the insider now owns 10,895 shares of the company’s stock, valued at $671,349.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 31,710 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $63.03, for a total value of $1,998,681.30. Following the completion of the sale, the chief executive officer now directly owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,348 shares of company stock valued at $12,818,196. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.50.

Sprouts Farmers Market Stock Down 0.1 %

Shares of SFM opened at $74.66 on Thursday. Sprouts Farmers Market, Inc. has a 52 week low of $32.12 and a 52 week high of $75.95. The stock has a fifty day moving average of $64.76 and a 200-day moving average of $53.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.1 earnings per share for the current fiscal 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.