17,627 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,627 shares of the company's stock, valued at approximately $2,240,000.

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $31,000. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Avior Wealth Management LLC raised 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 acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $51,000.

Wall Street Analyst Weigh In

SFM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Jefferies Financial Group increased their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, Roth Mkm raised their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Up 2.2 %

NASDAQ:SFM traded up $3.41 during mid-day trading on Friday, hitting $161.59. The stock had a trading volume of 1,719,771 shares, compared to its average volume of 1,427,907. 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 stock has a 50-day simple moving average of $153.36 and a two-hundred day simple moving average of $148.03. The company has a market capitalization of $15.81 billion, a PE ratio of 42.98, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $74.15 and a twelve month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Sprouts Farmers Market's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Buying and Selling

In related news, CMO Alisa Gmelich sold 445 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the business'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 approximately $1,284,464.74. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,141 shares of company stock worth $14,851,836 in the last 90 days. Company insiders own 1.10% of the company's stock.

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.