Deutsche Bank AG Has $43.90 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Deutsche Bank AG trimmed its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 287,589 shares of the company's stock after selling 92,191 shares during the period. Deutsche Bank AG owned about 0.29% of Sprouts Farmers Market worth $43,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SFM. Charles Schwab Investment Management Inc. boosted its position in Sprouts Farmers Market by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 997,152 shares of the company's stock worth $152,205,000 after acquiring an additional 10,059 shares during the last quarter. Intrust Bank NA grew its stake in shares of Sprouts Farmers Market by 34.1% in the first quarter. Intrust Bank NA now owns 5,030 shares of the company's stock valued at $768,000 after buying an additional 1,279 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Sprouts Farmers Market by 6.0% during the first quarter. Atria Wealth Solutions Inc. now owns 10,218 shares of the company's stock worth $1,560,000 after acquiring an additional 582 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake in Sprouts Farmers Market by 121.7% in the 1st quarter. New Age Alpha Advisors LLC now owns 20,267 shares of the company's stock valued at $3,094,000 after purchasing an additional 11,126 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Sprouts Farmers Market during the first quarter worth approximately $71,699,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada increased their price target on shares of Sprouts Farmers Market from $173.00 to $176.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $175.00 to $180.00 in a research report on Tuesday, August 5th. Jefferies Financial Group raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Finally, Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the company a "neutral" rating in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $172.20.

Sprouts Farmers Market Stock Down 1.9%

Shares of NASDAQ:SFM traded down $2.77 during midday trading on Thursday, hitting $143.41. The stock had a trading volume of 1,572,502 shares, compared to its average volume of 1,596,808. The company's 50-day moving average price is $159.90 and its 200-day moving average price is $158.62. Sprouts Farmers Market, Inc. has a fifty-two week low of $95.25 and a fifty-two week high of $182.00. The company has a market capitalization of $14.02 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.78.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The company's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. Research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total transaction of $328,760.00. Following the sale, the insider directly owned 13,263 shares of the company's stock, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph D. O'leary sold 2,937 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $150.07, for a total transaction of $440,755.59. Following the completion of the transaction, the director directly owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,504 shares of company stock worth $9,574,851 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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.