Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Xponance Inc.

Xponance Inc. increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,798 shares of the company’s stock after acquiring an additional 1,208 shares during the period. Xponance Inc.’s holdings in Sprouts Farmers Market were worth $1,880,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SFM. HighTower Advisors LLC raised its stake in Sprouts Farmers Market by 55.0% in the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock valued at $2,633,000 after buying an additional 7,355 shares in the last quarter. Unified Investment Management acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $1,161,000. JPMorgan Chase & Co. raised its stake in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $13,348,000. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $1,517,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, SVP Kim Coffin sold 4,060 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $557,925.20. Following the completion of the sale, the senior vice president now directly owns 11,432 shares in the company, valued at approximately $1,570,985.44. This trade represents a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy W. Hilgendorf sold 229 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the sale, the vice president now owns 10,226 shares of the company’s stock, valued at approximately $1,425,811.18. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,501 shares of company stock valued at $11,616,851. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $142.39 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $61.61 and a 52-week high of $178.99. The business’s 50-day moving average price is $150.88 and its 200 day moving average price is $135.75. The firm has a market cap of $13.96 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67.

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

Analyst Ratings Changes

A number of analysts have weighed in on SFM shares. Evercore ISI cut their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $162.92.

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.