Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,238 shares of the company's stock after acquiring an additional 1,726 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Sprouts Farmers Market worth $8,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SFM. Barclays PLC boosted its holdings in Sprouts Farmers Market by 128.3% during the third quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after buying an additional 111,838 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Sprouts Farmers Market by 22.6% during the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company's stock worth $79,000 after buying an additional 114 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Sprouts Farmers Market by 82.2% during the fourth quarter. Park Avenue Securities LLC now owns 4,627 shares of the company's stock worth $588,000 after buying an additional 2,087 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in Sprouts Farmers Market during the fourth quarter worth about $318,000. Finally, Ritholtz Wealth Management boosted its holdings in Sprouts Farmers Market by 6.4% during the fourth quarter. Ritholtz Wealth Management now owns 21,163 shares of the company's stock worth $2,689,000 after buying an additional 1,279 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Royal Bank of Canada increased their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Trading Down 2.0%

NASDAQ:SFM traded down $3.34 during trading hours on Wednesday, reaching $164.68. 1,140,446 shares of the company were exchanged, compared to its average volume of 1,445,261. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $178.99. The stock has a 50 day simple moving average of $157.01 and a 200 day simple moving average of $150.21.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business's quarterly revenue was up 18.7% compared to the same quarter last year. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 445 shares of the firm'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 $61,151.90. Following the completion of the sale, the chief marketing officer now directly owns 4,436 shares of the company's stock, valued at approximately $609,595.12. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 49,898 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the transaction, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 126,362 shares of company stock valued at $18,430,847 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.