Sherbrooke Park Advisers LLC Acquires New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sherbrooke Park Advisers LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,236 shares of the company's stock, valued at approximately $538,000.

Several other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at $31,000. Avior Wealth Management LLC boosted its stake in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares during the last quarter. GeoWealth Management LLC boosted its stake in Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Sprouts Farmers Market in the 4th quarter worth about $51,000.

Insider Activity at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the sale, the insider now directly owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. This represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at approximately $609,595.12. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,362 shares of company stock valued at $18,430,847. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group raised their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. 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. UBS Group raised their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Evercore ISI raised their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $167.79.

Sprouts Farmers Market Stock Up 0.1%

NASDAQ SFM traded up $0.25 during mid-day trading on Monday, reaching $168.93. 876,366 shares of the company's stock traded hands, compared to its average volume of 1,447,170. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company has a fifty day simple moving average of $156.32 and a 200-day simple moving average of $150.09. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the firm earned $1.12 EPS. Sprouts Farmers Market's quarterly revenue was up 18.7% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS 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.