TCW Group Inc. Has $3.42 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

TCW Group Inc. raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,943 shares of the company’s stock after buying an additional 303 shares during the quarter. TCW Group Inc.’s holdings in Sprouts Farmers Market were worth $3,424,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. Avior Wealth Management LLC lifted its stake in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI boosted their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets upped their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $152.40.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the sale, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Gregory Rauch sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

SFM opened at $143.32 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $148.11 and its two-hundred day moving average price is $130.10. The firm has a market capitalization of $14.13 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 12-month low of $52.57 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.