Sherbrooke Park Advisers LLC Makes New $538,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sherbrooke Park Advisers LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,236 shares of the company's stock, valued at approximately $538,000.

A number of other institutional investors also recently made changes to their positions in SFM. Barclays PLC boosted its stake in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after acquiring an additional 111,838 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Sprouts Farmers Market by 22.6% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company's stock worth $79,000 after buying an additional 114 shares during the period. Park Avenue Securities LLC raised its holdings in Sprouts Farmers Market by 82.2% during the 4th quarter. Park Avenue Securities LLC now owns 4,627 shares of the company's stock worth $588,000 after buying an additional 2,087 shares during the period. Legacy Wealth Asset Management LLC acquired a new stake in Sprouts Farmers Market during the 4th quarter worth about $318,000. Finally, Ritholtz Wealth Management grew its holdings in shares of Sprouts Farmers Market by 6.4% during the fourth quarter. Ritholtz Wealth Management now owns 21,163 shares of the company's stock valued at $2,689,000 after buying an additional 1,279 shares in the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the sale, the vice president now directly owns 9,347 shares in the company, valued at $1,284,464.74. This represents a 8.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,362 shares of company stock valued at $18,430,847. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SFM. UBS Group lifted their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI raised their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their price objective for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded down $1.46 during trading hours on Thursday, reaching $163.22. The stock had a trading volume of 454,708 shares, compared to its average volume of 1,615,202. The business's fifty day moving average is $157.57 and its two-hundred day moving average is $150.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 43.39, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $74.14 and a twelve month high of $178.99.

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

Sprouts Farmers Market 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.