Envestnet Asset Management Inc. Sells 23,672 Shares of Sprouts Farmers Market, Inc. $SFM

Envestnet Asset Management Inc. lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,455 shares of the company’s stock after selling 23,672 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Sprouts Farmers Market worth $12,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SFM. Ashton Thomas Private Wealth LLC increased its position in Sprouts Farmers Market by 1.5% during the third quarter. Ashton Thomas Private Wealth LLC now owns 28,535 shares of the company’s stock valued at $3,105,000 after acquiring an additional 416 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Sprouts Farmers Market by 3.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,318 shares of the company’s stock worth $584,000 after purchasing an additional 168 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Sprouts Farmers Market by 5.1% in the third quarter. Independent Advisor Alliance now owns 21,527 shares of the company’s stock worth $2,342,000 after buying an additional 1,052 shares during the last quarter. Significant Wealth Partners LLC grew its position in Sprouts Farmers Market by 48.0% during the third quarter. Significant Wealth Partners LLC now owns 2,528 shares of the company’s stock valued at $275,000 after buying an additional 820 shares during the period. Finally, Arizona State Retirement System increased its holdings in Sprouts Farmers Market by 1.1% during the third quarter. Arizona State Retirement System now owns 28,942 shares of the company’s stock valued at $3,149,000 after buying an additional 309 shares during the last quarter.

Sprouts Farmers Market Stock Down 2.0%

NASDAQ SFM opened at $67.56 on Wednesday. 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 company has a fifty day moving average of $75.17 and a two-hundred day moving average of $99.42. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.69 and a beta of 0.75. Sprouts Farmers Market, Inc. has a 52 week low of $64.75 and a 52 week high of $182.00.

Analysts Set New Price Targets

SFM has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Monday, December 29th. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, February 10th. Roth Mkm reiterated a “neutral” rating and issued a $91.00 price target on shares of Sprouts Farmers Market in a report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Insider Transactions at Sprouts Farmers Market

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

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.