Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Increased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) by 828.1% in the 4th quarter, HoldingsChannel reports. The fund owned 8,641 shares of the company’s stock after acquiring an additional 7,710 shares during the period. Sprouts Farmers Market accounts for approximately 1.4% of Hanseatic Management Services Inc.’s holdings, making the stock its 25th largest holding. Hanseatic Management Services Inc.’s holdings in Sprouts Farmers Market were worth $1,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Marshall Wace LLP raised its position in Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares in the last quarter. Fiera Capital Corp acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $31,712,000. Millennium Management LLC boosted its holdings in Sprouts Farmers Market by 314.8% during the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after buying an additional 169,888 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Sprouts Farmers Market in the third quarter worth approximately $18,259,000.

Analyst Ratings Changes

A number of brokerages have recently commented on SFM. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.40.

Read Our Latest Stock Analysis on SFM

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $139.25 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The company has a 50 day simple moving average of $141.53 and a 200-day simple moving average of $116.81. Sprouts Farmers Market, Inc. has a 52-week low of $48.98 and a 52-week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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