BI Asset Management Fondsmaeglerselskab A S Takes $442,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,190 shares of the company’s stock, valued at approximately $442,000.

Several other hedge funds have also recently made changes to their positions in SFM. Norges Bank bought a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $8,650,000. NDVR Inc. bought a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $263,000. Robeco Institutional Asset Management B.V. grew its position in Sprouts Farmers Market by 2.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 121,478 shares of the company’s stock valued at $5,844,000 after buying an additional 3,207 shares during the period. Arjuna Capital grew its position in Sprouts Farmers Market by 7.4% during the fourth quarter. Arjuna Capital now owns 64,022 shares of the company’s stock valued at $3,080,000 after buying an additional 4,426 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in Sprouts Farmers Market during the fourth quarter valued at approximately $447,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price target for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $57.25.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 22,799 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now directly owns 8,328 shares in the company, valued at approximately $499,513.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Brandon F. Lombardi sold 22,799 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now directly owns 8,328 shares of the company’s stock, valued at $499,513.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brandon F. Lombardi sold 3,865 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total value of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The disclosure for this sale can be found here. Insiders have sold a total of 215,567 shares of company stock worth $14,114,924 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 1.9 %

NASDAQ SFM opened at $80.69 on Friday. The company’s 50-day moving average price is $67.96 and its 200-day moving average price is $56.21. 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 stock has a market cap of $8.11 billion, a PE ratio of 27.82, a PEG ratio of 3.03 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $80.96.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.11 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.