Envestnet Asset Management Inc. Decreases Stock Holdings in Sprouts Farmers Market, Inc. $SFM

Envestnet Asset Management Inc. decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.7% in the third quarter, Holdings Channel reports. The firm owned 118,455 shares of the company’s stock after selling 23,672 shares during the period. Envestnet Asset Management Inc.’s holdings in Sprouts Farmers Market were worth $12,888,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its holdings in Sprouts Farmers Market by 0.6% in the second quarter. Chicago Partners Investment Group LLC now owns 10,355 shares of the company’s stock valued at $1,691,000 after purchasing an additional 65 shares during the last quarter. Rossby Financial LCC increased its position in shares of Sprouts Farmers Market by 2.3% during the second quarter. Rossby Financial LCC now owns 3,059 shares of the company’s stock worth $504,000 after purchasing an additional 68 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Sprouts Farmers Market by 0.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,069 shares of the company’s stock valued at $1,493,000 after buying an additional 69 shares during the last quarter. Alteri Wealth LLC raised its holdings in Sprouts Farmers Market by 1.0% in the 2nd quarter. Alteri Wealth LLC now owns 7,627 shares of the company’s stock valued at $1,256,000 after acquiring an additional 72 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Sprouts Farmers Market by 2.2% in the second quarter. Bessemer Group Inc. now owns 3,335 shares of the company’s stock valued at $549,000 after purchasing an additional 73 shares during the last quarter.

Sprouts Farmers Market Trading Down 2.0%

NASDAQ SFM opened at $67.56 on Wednesday. The firm’s fifty day moving average price is $75.17 and its 200 day moving average price is $99.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $182.00. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.69 and a beta of 0.75.

Insider Activity at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at approximately $440,773.28. This represents a 36.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Scott Neal sold 17,471 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total value of $1,488,529.20. Following the sale, the insider directly owned 14,178 shares of the company’s stock, valued at $1,207,965.60. The trade was a 55.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SFM shares. Bank of America lowered their price target on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, February 10th. Barclays decreased their price objective on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.77.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.