Allspring Global Investments Holdings LLC Sells 61,096 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Allspring Global Investments Holdings LLC decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 82.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,132 shares of the company’s stock after selling 61,096 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sprouts Farmers Market were worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Raymond James & Associates lifted its position in shares of Sprouts Farmers Market by 42.4% during the third quarter. Raymond James & Associates now owns 44,124 shares of the company’s stock valued at $4,872,000 after buying an additional 13,142 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Sprouts Farmers Market by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after acquiring an additional 158 shares in the last quarter. Private Advisor Group LLC lifted its position in Sprouts Farmers Market by 67.4% during the third quarter. Private Advisor Group LLC now owns 7,667 shares of the company’s stock valued at $847,000 after acquiring an additional 3,087 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Sprouts Farmers Market by 3,347.7% in the third quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after acquiring an additional 159,954 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in Sprouts Farmers Market by 14.5% in the third quarter. Ballentine Partners LLC now owns 3,753 shares of the company’s stock worth $414,000 after purchasing an additional 476 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday. BMO Capital Markets increased their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America upped their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Stock Performance

SFM opened at $143.32 on Friday. 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 12-month low of $52.57 and a 12-month high of $178.99. The firm has a 50 day moving average of $148.11 and a two-hundred day moving average of $129.85. The firm has a market capitalization of $14.33 billion, a PE ratio of 38.12, a P/E/G ratio of 2.31 and a beta of 0.63.

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

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the sale, the chief executive officer now owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. 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. 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.