Trek Financial LLC Has $6.58 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Trek Financial LLC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,811 shares of the company’s stock after selling 22,702 shares during the period. Trek Financial LLC owned approximately 0.05% of Sprouts Farmers Market worth $6,584,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the fourth quarter worth about $31,000. Avior Wealth Management LLC lifted its position in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $51,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Sprouts Farmers Market by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock valued at $58,000 after purchasing an additional 114 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SFM. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Jefferies Financial Group upped their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $160.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. Finally, UBS Group increased their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $167.00.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the transaction, the chief marketing officer now directly owns 4,436 shares of the company’s stock, valued at $609,595.12. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,784 shares of company stock valued at $13,534,466. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Trading Down 5.2 %

SFM opened at $145.29 on Friday. The firm has a 50 day simple moving average of $152.55 and a 200 day simple moving average of $139.18. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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

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.