Calamos Advisors LLC Has $1.69 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Calamos Advisors LLC increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 80.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,095 shares of the company's stock after purchasing an additional 4,930 shares during the period. Calamos Advisors LLC's holdings in Sprouts Farmers Market were worth $1,694,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after buying an additional 168 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $51,000. Finally, Toronto Dominion Bank bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth approximately $63,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their target price for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Stock Down 0.6%

Shares of SFM stock traded down $1.03 during trading hours on Thursday, hitting $158.72. 1,335,239 shares of the company were exchanged, compared to its average volume of 1,566,134. The business has a 50 day moving average of $164.86 and a two-hundred day moving average of $155.04. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $79.34 and a 52 week high of $182.00. The company has a market capitalization of $15.53 billion, a PE ratio of 35.67, a PEG ratio of 1.98 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm's revenue was up 18.7% on a year-over-year basis. Analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, SVP Kim Coffin sold 3,643 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $174.27, for a total transaction of $634,865.61. Following the completion of the transaction, the senior vice president owned 11,886 shares in the company, valued at approximately $2,071,373.22. This represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the transaction, the chief operating officer owned 55,675 shares of the company's stock, valued at $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,035 shares of company stock valued at $12,213,719 in the last three months. 1.10% of the stock is currently owned by insiders.

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.