Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,633 shares of the company's stock after acquiring an additional 4,628 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.18% of Sprouts Farmers Market worth $25,821,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC increased its stake in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Versant Capital Management Inc increased its position 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 valued at $49,000 after buying an additional 168 shares during the period. Toronto Dominion Bank bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth approximately $63,000. Finally, Rakuten Securities Inc. increased its position in shares of Sprouts Farmers Market by 2,290.5% in the fourth quarter. Rakuten Securities Inc. now owns 502 shares of the company's stock worth $64,000 after purchasing an additional 481 shares during the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price objective for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. UBS Group lifted their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada boosted their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Up 0.5%

Shares of Sprouts Farmers Market stock traded up $0.79 during trading hours on Friday, hitting $159.51. The company had a trading volume of 349,931 shares, compared to its average volume of 1,771,518. The company's 50-day moving average is $164.60 and its two-hundred day moving average is $155.24. Sprouts Farmers Market, Inc. has a twelve month low of $81.41 and a twelve month high of $182.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51. The company has a market cap of $15.61 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77.

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

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 20,270 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $167.50, for a total value of $3,395,225.00. Following the completion of the transaction, the chief operating officer owned 55,675 shares in the company, valued at $9,325,562.50. This trade represents a 26.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Scott Neal sold 17,721 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $160.89, for a total transaction of $2,851,131.69. Following the transaction, the insider owned 14,178 shares of the company's stock, valued at $2,281,098.42. This trade represents a 55.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,035 shares of company stock worth $12,213,719 in 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.