Envestnet Asset Management Inc. Has $3.06 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Envestnet Asset Management Inc. raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,750 shares of the company’s stock after purchasing an additional 15,534 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of Sprouts Farmers Market worth $3,062,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC grew its stake in shares of Sprouts Farmers Market by 25.4% during the first quarter. Annex Advisory Services LLC now owns 77,558 shares of the company’s stock worth $2,480,000 after buying an additional 15,712 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of Sprouts Farmers Market by 33.0% during the fourth quarter. WINTON GROUP Ltd now owns 94,779 shares of the company’s stock worth $2,813,000 after buying an additional 23,525 shares during the last quarter. Westpac Banking Corp grew its stake in shares of Sprouts Farmers Market by 6.4% during the fourth quarter. Westpac Banking Corp now owns 100,040 shares of the company’s stock worth $2,969,000 after buying an additional 6,040 shares during the last quarter. Covestor Ltd bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $66,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 49.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,203 shares of the company’s stock worth $570,000 after buying an additional 6,379 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SFM. Credit Suisse Group reduced their price objective on shares of Sprouts Farmers Market from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 26th. Bank of America cut shares of Sprouts Farmers Market from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $40.00 to $25.00 in a research note on Thursday, May 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.83.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider John Scott Neal sold 2,565 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $29.94, for a total value of $76,796.10. Following the completion of the sale, the insider now directly owns 40,544 shares of the company’s stock, valued at approximately $1,213,887.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Dan J. Sanders sold 59,607 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $30.26, for a total transaction of $1,803,707.82. Following the completion of the transaction, the insider now directly owns 9,787 shares of the company’s stock, valued at approximately $296,154.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Scott Neal sold 2,565 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $29.94, for a total transaction of $76,796.10. Following the completion of the transaction, the insider now directly owns 40,544 shares of the company’s stock, valued at $1,213,887.36. The disclosure for this sale can be found here. Insiders have sold 90,006 shares of company stock worth $2,593,745 in the last quarter. Insiders own 0.71% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $29.69 on Tuesday. The firm’s 50-day moving average price is $26.92 and its 200-day moving average price is $28.56. Sprouts Farmers Market, Inc. has a 1-year low of $21.18 and a 1-year high of $35.34. The firm has a market capitalization of $3.19 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.78 and a beta of 0.43. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 0.26.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Sprouts Farmers Market had a net margin of 4.01% and a return on equity of 25.33%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 2.23 earnings per share for the current fiscal year.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.

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