American International Group Inc. Trims Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

American International Group Inc. cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,033 shares of the company’s stock after selling 7,558 shares during the period. American International Group Inc.’s holdings in Sprouts Farmers Market were worth $8,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Sprouts Farmers Market by 614.5% during the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after acquiring an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth $23,992,000. Reinhart Partners LLC. boosted its position in shares of Sprouts Farmers Market by 90.2% during the fourth quarter. Reinhart Partners LLC. now owns 741,211 shares of the company’s stock worth $35,660,000 after acquiring an additional 351,446 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth $13,840,000.

Insider Activity at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 1,322 shares of Sprouts Farmers Market stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total transaction of $99,216.10. Following the completion of the sale, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Brandon F. Lombardi sold 5,174 shares of Sprouts Farmers Market stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $74.97, for a total transaction of $387,894.78. Following the completion of the sale, the insider now owns 6,052 shares in the company, valued at approximately $453,718.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kim Coffin sold 1,322 shares of Sprouts Farmers Market stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total transaction of $99,216.10. Following the sale, the senior vice president now owns 5,500 shares of the company’s stock, valued at approximately $412,775. The disclosure for this sale can be found here. Insiders sold 86,561 shares of company stock worth $6,060,771 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $77.75 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $33.01 and a twelve month high of $82.96. The company has a market cap of $7.81 billion, a P/E ratio of 26.81, a P/E/G ratio of 2.88 and a beta of 0.50. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $73.27 and its 200-day simple moving average is $61.06.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $68.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $57.25.

Sprouts Farmers Market Company 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.