Point72 Asset Management L.P. Raises Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Asset Management L.P. raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,987 shares of the company's stock after purchasing an additional 63,210 shares during the quarter. Point72 Asset Management L.P. owned 0.18% of Sprouts Farmers Market worth $22,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SFM. Barclays PLC boosted its stake in shares of Sprouts Farmers Market by 128.3% in the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after buying an additional 111,838 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Sprouts Farmers Market by 22.6% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company's stock worth $79,000 after purchasing an additional 114 shares during the last quarter. Park Avenue Securities LLC grew its stake in Sprouts Farmers Market by 82.2% in the 4th quarter. Park Avenue Securities LLC now owns 4,627 shares of the company's stock valued at $588,000 after purchasing an additional 2,087 shares during the period. Legacy Wealth Asset Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $318,000. Finally, Ritholtz Wealth Management raised its stake in shares of Sprouts Farmers Market by 6.4% during the 4th quarter. Ritholtz Wealth Management now owns 21,163 shares of the company's stock worth $2,689,000 after purchasing an additional 1,279 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Bank of America raised their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted 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 report 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's stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded down $3.34 on Wednesday, hitting $164.68. The company's stock had a trading volume of 1,140,446 shares, compared to its average volume of 1,447,033. Sprouts Farmers Market, Inc. has a 1 year low of $74.15 and a 1 year high of $178.99. 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 company has a market capitalization of $16.12 billion, a PE ratio of 43.80, a PEG ratio of 2.31 and a beta of 0.87. The company 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 announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Sprouts Farmers Market's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. This trade represents a 9.78% 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 business'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 completion of the sale, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 126,362 shares of company stock valued at $18,430,847. Insiders own 1.10% of the company's stock.

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.