Axxcess Wealth Management LLC Trims Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Axxcess Wealth Management LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,201 shares of the company’s stock after selling 3,727 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $395,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SFM. VisionPoint Advisory Group LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $38,000. GAMMA Investing LLC purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $43,000. Baldwin Brothers LLC MA lifted its position in Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 210 shares during the period. Finally, Blue Trust Inc. increased its position in Sprouts Farmers Market by 69.4% during the 4th quarter. Blue Trust Inc. now owns 1,408 shares of the company’s stock worth $68,000 after purchasing an additional 577 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 3,865 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $518,084.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jack Sinclair sold 31,710 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $63.03, for a total value of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at approximately $17,332,052.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandon F. Lombardi sold 3,865 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the transaction, the insider now owns 8,328 shares in the company, valued at approximately $518,084.88. The disclosure for this sale can be found here. Insiders have sold 198,348 shares of company stock valued at $12,818,196 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 0.1 %

SFM opened at $74.66 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65. Sprouts Farmers Market, Inc. has a 12-month low of $32.12 and a 12-month high of $75.95. The firm’s fifty day moving average price is $64.76 and its 200 day moving average price is $53.62. The stock has a market capitalization of $7.50 billion, a PE ratio of 25.74, a P/E/G ratio of 2.64 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. Sprouts Farmers Market’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SFM. Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. BMO Capital Markets upped their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Thursday, May 2nd. Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $53.50.

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.