Legacy Wealth Asset Management LLC Has $370,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Legacy Wealth Asset Management LLC cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,421 shares of the company’s stock after selling 80 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Sprouts Farmers Market were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 55.0% during the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock valued at $2,633,000 after buying an additional 7,355 shares in the last quarter. Unified Investment Management purchased a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $1,161,000. Wells Fargo & Company MN grew its holdings in shares of Sprouts Farmers Market by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 181,364 shares of the company’s stock valued at $23,046,000 after buying an additional 37,637 shares in the last quarter. Andrew Hill Investment Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 145.8% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company’s stock valued at $2,585,000 after buying an additional 12,067 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $2,618,000.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the transaction, the insider now owns 9,830 shares of the company’s stock, valued at approximately $1,326,755.10. The trade was a 9.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares of the company’s stock, valued at $609,595.12. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,547 shares of company stock worth $22,307,280. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM opened at $173.47 on Monday. The company has a market cap of $16.98 billion, a PE ratio of 46.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The stock has a 50-day moving average of $160.89 and a 200-day moving average of $151.63. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $178.99. 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 (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.27. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the company a “neutral” rating in a research note on Thursday, May 1st. Jefferies Financial Group boosted their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $167.79.

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.