Two Sigma Advisers LP Increases Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Two Sigma Advisers LP increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,300 shares of the company's stock after purchasing an additional 3,100 shares during the period. Two Sigma Advisers LP owned approximately 0.09% of Sprouts Farmers Market worth $11,347,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market during the 4th quarter valued at $31,000. GeoWealth Management LLC boosted its position in Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares during the period. Avior Wealth Management LLC boosted its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC boosted its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Sprouts Farmers Market during the 4th quarter valued at $51,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SFM shares. UBS Group increased their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. Bank of America increased their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada increased their price target on shares of 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. Finally, Roth Mkm upped their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report 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 stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Down 1.8%

Shares of Sprouts Farmers Market stock opened at $161.77 on Friday. 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 50-day moving average of $157.98 and a 200 day moving average of $150.52. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 1 year low of $74.15 and a 1 year high of $178.99.

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 (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.27. The company 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 quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the firm's stock in a transaction dated 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 in the company, 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 can be accessed through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total transaction of $724,000.00. Following the sale, the director now owns 28,571 shares of the company's stock, valued at approximately $4,137,080.80. This represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,362 shares of company stock worth $18,430,847 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.

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