Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,327 shares of the company’s stock after selling 230 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sprouts Farmers Market were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in Sprouts Farmers Market in the third quarter valued at about $13,348,000. SpiderRock Advisors LLC acquired a new position in Sprouts Farmers Market in the third quarter valued at about $3,252,000. Charles Schwab Investment Management Inc. lifted its position in Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after buying an additional 48,103 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in Sprouts Farmers Market in the fourth quarter valued at about $1,517,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Bank of America upped their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $119.40.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,614 shares of company stock worth $6,323,731. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.6 %

SFM stock opened at $168.90 on Tuesday. The company’s 50 day moving average price is $144.46 and its 200 day moving average price is $125.33. 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 $50.89 and a fifty-two week high of $170.50. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 48.82, a PEG ratio of 2.25 and a beta of 0.63.

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.