6,032 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,032 shares of the company's stock, valued at approximately $921,000.

Several other hedge funds have also bought and sold shares of SFM. Whipplewood Advisors LLC grew its holdings in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 92 shares during the period. Dogwood Wealth Management LLC bought a new position in shares of Sprouts Farmers Market in the first quarter worth about $30,000. GeoWealth Management LLC boosted its stake in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc boosted its stake in shares of Sprouts Farmers Market by 111.3% in the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after acquiring an additional 168 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $63,000.

Sprouts Farmers Market Trading Up 0.1%

SFM traded up $0.21 during trading on Thursday, hitting $163.55. 482,382 shares of the stock were exchanged, compared to its average volume of 1,731,054. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.05 and a beta of 0.77. The firm has a 50 day simple moving average of $164.75 and a 200 day simple moving average of $157.41. Sprouts Farmers Market, Inc. has a 1 year low of $82.54 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. 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 EPS. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Royal Bank Of Canada restated a "sector perform" rating and set a $173.00 price objective (up from $172.00) on shares of Sprouts Farmers Market in a research report on Tuesday, July 15th. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Barclays started coverage on Sprouts Farmers Market in a research report on Monday. They set an "equal weight" rating and a $173.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $168.20.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total transaction of $328,760.00. Following the sale, the insider owned 13,263 shares of the company's stock, valued at approximately $2,180,171.94. This trade represents a 13.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Terri F. Graham sold 1,278 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total value of $230,040.00. Following the completion of the sale, the director directly owned 32,910 shares of the company's stock, valued at $5,923,800. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,035 shares of company stock worth $12,213,719. 1.10% of the stock is currently owned by company insiders.

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.