Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2,152.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,670 shares of the company’s stock after purchasing an additional 62,755 shares during the period. International Assets Investment Management LLC owned about 0.06% of Sprouts Farmers Market worth $3,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SFM. Vanguard Group Inc. raised its position in shares of Sprouts Farmers Market by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock worth $352,344,000 after purchasing an additional 57,361 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Sprouts Farmers Market by 2.2% in the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company’s stock valued at $188,629,000 after acquiring an additional 128,000 shares in the last quarter. State Street Corp boosted its stake in shares of Sprouts Farmers Market by 3.0% during the first quarter. State Street Corp now owns 3,854,433 shares of the company’s stock valued at $135,021,000 after acquiring an additional 112,789 shares during the last quarter. Morgan Stanley boosted its stake in shares of Sprouts Farmers Market by 111.3% during the fourth quarter. Morgan Stanley now owns 3,093,805 shares of the company’s stock valued at $100,146,000 after acquiring an additional 1,629,709 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Sprouts Farmers Market by 614.5% during the 4th quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after purchasing an additional 2,614,241 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.2 %

Shares of SFM opened at $62.42 on Thursday. The stock’s fifty day simple moving average is $60.61 and its 200 day simple moving average is $50.92. Sprouts Farmers Market, Inc. has a twelve month low of $32.12 and a twelve month high of $65.53. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $6.32 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.27 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Evercore ISI cut their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $70.00 in a research report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $51.14.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the transaction, the chief operating officer now directly owns 82,495 shares of the company’s stock, valued at $5,125,414.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Alisa Gmelich sold 479 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the sale, the chief marketing officer now owns 2,987 shares in the company, valued at approximately $186,597.89. The disclosure for this sale can be found here. Insiders sold 160,852 shares of company stock valued at $10,032,745 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.