Campbell Newman Asset Management Inc. Sells 69 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Campbell Newman Asset Management Inc. lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,108 shares of the company’s stock after selling 69 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Sprouts Farmers Market were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SFM. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth approximately $31,000. Sumitomo Mitsui Trust Group Inc. grew its position in Sprouts Farmers Market by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,523 shares of the company’s stock worth $2,481,000 after buying an additional 1,931 shares in the last quarter. Savant Capital LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $243,000. Legato Capital Management LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $780,000. Finally, Van ECK Associates Corp grew its position in Sprouts Farmers Market by 33.6% during the fourth quarter. Van ECK Associates Corp now owns 79,289 shares of the company’s stock worth $10,075,000 after buying an additional 19,921 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SFM shares. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada upped their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $167.79.

Sprouts Farmers Market Stock Up 0.6%

Shares of SFM opened at $157.92 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $74.80 and a 52 week high of $182.00. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a fifty day moving average of $164.15 and a 200-day moving average of $153.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted $1.12 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now owns 9,347 shares of the company’s stock, valued at $1,284,464.74. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,675 shares of company stock worth $22,127,407. 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.