Assetmark Inc. Purchases 58,935 Shares of Sprouts Farmers Market, Inc. $SFM

Assetmark Inc. increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 885,485 shares of the company’s stock after buying an additional 58,935 shares during the period. Assetmark Inc. owned 0.91% of Sprouts Farmers Market worth $96,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFM. Illinois Municipal Retirement Fund raised its holdings in shares of Sprouts Farmers Market by 62.6% during the third quarter. Illinois Municipal Retirement Fund now owns 36,662 shares of the company’s stock valued at $3,989,000 after purchasing an additional 14,115 shares during the period. Caprock Group LLC bought a new stake in Sprouts Farmers Market during the third quarter worth $718,000. Advisors Asset Management Inc. grew its holdings in Sprouts Farmers Market by 51.3% during the third quarter. Advisors Asset Management Inc. now owns 5,063 shares of the company’s stock worth $551,000 after buying an additional 1,716 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $240,000. Finally, Arista Wealth Management LLC bought a new position in Sprouts Farmers Market during the third quarter valued at about $390,000.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Barclays reduced their target price on Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. The Goldman Sachs Group cut their price target on shares of Sprouts Farmers Market from $152.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. UBS Group set a $108.00 target price on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lowered their price objective on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.77.

Insider Transactions at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 3,161 shares of Sprouts Farmers Market stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at approximately $440,773.28. The trade was a 36.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Scott Neal sold 17,471 shares of the company’s 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 in the company, valued at $1,207,965.60. This trade represents a 55.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $67.63 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $76.10 and a 200-day moving average price of $102.03. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $182.00. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75.

Sprouts Farmers Market 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.