Bank of America Corp DE Buys 123,247 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bank of America Corp DE grew its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 901,150 shares of the company's stock after purchasing an additional 123,247 shares during the quarter. Bank of America Corp DE owned 0.90% of Sprouts Farmers Market worth $114,509,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprouts Farmers Market in the fourth quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 130 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of 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 acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of 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 acquiring an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter worth $51,000.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the completion of the sale, the chief executive officer now owns 189,449 shares of the company's stock, valued at approximately $26,034,081.58. This trade represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O'leary sold 2,000 shares of Sprouts Farmers Market stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $159.40, for a total value of $318,800.00. Following the sale, the director now directly owns 17,931 shares of the company's stock, valued at approximately $2,858,201.40. The trade was a 10.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,141 shares of company stock valued at $15,170,636. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Up 0.0%

Shares of Sprouts Farmers Market stock traded up $0.01 during midday trading on Wednesday, hitting $158.48. The company's stock had a trading volume of 1,498,009 shares, compared to its average volume of 1,441,062. The firm has a market capitalization of $15.51 billion, a P/E ratio of 42.15, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $154.01 and a 200-day simple moving average of $148.77.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their target price 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. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. UBS Group lifted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $167.79.

About Sprouts Farmers Market

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.