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Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Green Alpha Advisors LLC

Sprouts Farmers Market logo with Retail/Wholesale background

Green Alpha Advisors LLC boosted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 87.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,677 shares of the company's stock after purchasing an additional 11,514 shares during the quarter. Sprouts Farmers Market comprises 4.0% of Green Alpha Advisors LLC's holdings, making the stock its 3rd biggest position. Green Alpha Advisors LLC's holdings in Sprouts Farmers Market were worth $3,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock valued at $21,975,000 after purchasing an additional 111,838 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sprouts Farmers Market by 14.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,580 shares of the company's stock valued at $2,488,000 after buying an additional 2,430 shares in the last quarter. KBC Group NV boosted its holdings in shares of Sprouts Farmers Market by 57.1% in the fourth quarter. KBC Group NV now owns 4,032 shares of the company's stock valued at $512,000 after buying an additional 1,466 shares during the period. Pacer Advisors Inc. increased its position in shares of Sprouts Farmers Market by 54.9% during the fourth quarter. Pacer Advisors Inc. now owns 22,614 shares of the company's stock worth $2,874,000 after acquiring an additional 8,012 shares in the last quarter. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $210,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company raised 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 note on Thursday, May 1st. Royal Bank of Canada lifted their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and a consensus target price of $167.79.

Check Out Our Latest Report on Sprouts Farmers Market

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 775 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 value of $106,500.50. Following the transaction, the insider now owns 15,943 shares in the company, valued at $2,190,887.06. The trade was a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Terri F. Graham sold 1,278 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total value of $230,040.00. Following the sale, the director now owns 32,910 shares of the company's stock, valued at approximately $5,923,800. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,825 shares of company stock worth $21,813,320. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

SFM traded down $2.37 on Thursday, reaching $168.77. The stock had a trading volume of 691,756 shares, compared to its average volume of 1,627,241. 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 company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a fifty-two week low of $74.14 and a fifty-two week high of $182.00. The firm has a 50-day moving average of $162.49 and a 200-day moving average of $152.19.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business earned $1.12 EPS. The firm's quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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