Segall Bryant & Hamill LLC Cuts Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Segall Bryant & Hamill LLC lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,301 shares of the company’s stock after selling 1,133 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.08% of Sprouts Farmers Market worth $10,712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SFM. Prudential Financial Inc. boosted its position in Sprouts Farmers Market by 106.4% during the fourth quarter. Prudential Financial Inc. now owns 47,649 shares of the company’s stock worth $6,055,000 after acquiring an additional 24,567 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in Sprouts Farmers Market by 64.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 191,228 shares of the company’s stock worth $24,299,000 after purchasing an additional 75,051 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after purchasing an additional 56,652 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $219,000. Finally, LPL Financial LLC increased its holdings in shares of Sprouts Farmers Market by 47.6% in the fourth quarter. LPL Financial LLC now owns 160,522 shares of the company’s stock valued at $20,398,000 after purchasing an additional 51,782 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday. Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and lifted their target price for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group lifted 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 report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $167.00.

Insiders Place Their Bets

In other news, COO Nicholas Konat sold 11,283 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $143.13, for a total value of $1,614,935.79. Following the sale, the chief operating officer now directly owns 55,675 shares in the company, valued at approximately $7,968,762.75. This trade represents a 16.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 1,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.25, for a total value of $140,250.00. Following the transaction, the director now directly owns 10,598 shares of the company’s stock, valued at $1,486,369.50. The trade was a 8.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,784 shares of company stock worth $13,231,786 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

SFM stock opened at $149.78 on Thursday. The business’s fifty day moving average price is $151.44 and its 200 day moving average price is $136.79. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.68 billion, a PE ratio of 39.84, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.96 billion. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS 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.