Alteri Wealth LLC Acquires New Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Alteri Wealth LLC acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,590 shares of the company's stock, valued at approximately $964,000.

A number of other large investors have also recently bought and sold shares of SFM. Vanguard Group Inc. raised its position in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after purchasing an additional 56,652 shares during the period. Renaissance Technologies LLC increased its position in Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock worth $567,322,000 after buying an additional 24,000 shares during the period. Marshall Wace LLP boosted its holdings in shares of Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock valued at $234,231,000 after acquiring an additional 168,605 shares during the period. Invesco Ltd. grew its position in shares of Sprouts Farmers Market by 22.9% during the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after acquiring an additional 294,553 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Sprouts Farmers Market by 13.5% during the fourth quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock worth $172,199,000 after acquiring an additional 160,882 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. This trade represents a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the sale, the vice president now owns 9,347 shares of the company's stock, valued at approximately $1,284,464.74. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,736 shares of company stock worth $14,253,272. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SFM. BMO Capital Markets lifted 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. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday. Jefferies Financial Group increased their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $168.77.

Sprouts Farmers Market Stock Up 1.3 %

NASDAQ SFM opened at $173.93 on Friday. The stock's 50 day simple moving average is $151.46 and its 200 day simple moving average is $146.34. Sprouts Farmers Market, Inc. has a one year low of $71.15 and a one year high of $178.99. The firm has a market cap of $17.08 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.