Brucke Financial Inc. purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,133 shares of the company's stock, valued at approximately $271,000.
Other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of Sprouts Farmers Market by 55.0% in the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after buying an additional 7,355 shares during the last quarter. Unified Investment Management bought a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $1,161,000. Wells Fargo & Company MN raised its position in shares of Sprouts Farmers Market by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock worth $23,046,000 after buying an additional 37,637 shares in the last quarter. Andrew Hill Investment Advisors Inc. raised its position in shares of Sprouts Farmers Market by 145.8% during the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company's stock worth $2,585,000 after buying an additional 12,067 shares in the last quarter. Finally, 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 buying an additional 56,652 shares in the last quarter.
Analyst Ratings Changes
A number of analysts have commented on SFM shares. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. UBS Group boosted their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Nine research 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 presently has a consensus rating of "Hold" and an average price target of $167.79.
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Sprouts Farmers Market Stock Down 1.1%
SFM traded down $1.84 on Thursday, reaching $167.43. 1,383,350 shares of the company traded hands, compared to its average volume of 1,444,967. The stock's 50 day moving average price is $159.98 and its 200-day moving average price is $151.19. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $178.99. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 44.53, a PEG 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The firm 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 revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.
Insider Transactions at Sprouts Farmers Market
In related news, VP Stacy W. Hilgendorf sold 229 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the transaction, the vice president now owns 10,226 shares of the company's stock, valued at approximately $1,425,811.18. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the business's stock in a transaction on Monday, March 17th. The shares were 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 directly owns 189,449 shares in the company, valued at $26,034,081.58. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,277 shares of company stock worth $18,912,055. 1.10% of the stock is owned by insiders.
Sprouts Farmers Market Company Profile
(
Free Report)
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.
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