Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 699.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,286 shares of the company's stock after buying an additional 2,000 shares during the period. Private Trust Co. NA's holdings in Sprouts Farmers Market were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SFM. Smartleaf Asset Management LLC grew its position in Sprouts Farmers Market by 29.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the company's stock valued at $70,000 after buying an additional 126 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Sprouts Farmers Market by 481.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,855 shares of the company's stock worth $363,000 after acquiring an additional 2,364 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter worth about $51,000. Steward Partners Investment Advisory LLC raised its position in Sprouts Farmers Market by 30.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,074 shares of the company's stock worth $264,000 after purchasing an additional 484 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company's stock worth $125,430,000 after purchasing an additional 3,836 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SFM. JPMorgan Chase & Co. upped their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Royal Bank Of Canada boosted their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price target for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $167.79.

Sprouts Farmers Market Stock Down 0.6%

SFM traded down $0.95 during trading hours on Tuesday, hitting $163.24. 118,563 shares of the company's stock were exchanged, compared to its average volume of 1,558,536. Sprouts Farmers Market, Inc. has a 12-month low of $79.34 and a 12-month high of $182.00. The firm has a 50 day moving average of $165.35 and a 200 day moving average of $154.98. The firm has a market cap of $15.97 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01.

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 for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm earned $1.12 EPS. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the completion of the transaction, the insider owned 13,263 shares in the company, valued at approximately $2,180,171.94. This represents a 13.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $167.16, for a total transaction of $167,160.00. Following the completion of the transaction, the director owned 8,598 shares of the company's stock, valued at approximately $1,437,241.68. The trade was a 10.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,905 shares of company stock worth $11,990,011. Corporate 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.