UMB Bank n.a. Raises Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

UMB Bank n.a. raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 248.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,792 shares of the company's stock after acquiring an additional 1,990 shares during the period. UMB Bank n.a.'s holdings in Sprouts Farmers Market were worth $426,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at about $31,000. GeoWealth Management LLC boosted its stake in shares of 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 in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake 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 purchasing an additional 168 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on SFM shares. 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. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Jefferies Financial Group increased their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Finally, Roth Mkm raised their price target 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 research 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, the company presently has an average rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Up 0.6%

Shares of Sprouts Farmers Market stock traded up $0.88 during trading hours on Friday, reaching $157.92. The company's stock had a trading volume of 1,482,568 shares, compared to its average volume of 1,466,792. Sprouts Farmers Market, Inc. has a one year low of $76.31 and a one year high of $182.00. The company has a market capitalization of $15.45 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.31 and a beta of 0.81. The stock's fifty day simple moving average is $164.15 and its two-hundred day simple moving average is $153.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the firm earned $1.12 earnings per share. The firm's revenue was up 18.7% on a year-over-year basis. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $157.06, for a total value of $457,829.90. Following the sale, the chief executive officer now owns 177,655 shares of the company's stock, valued at approximately $27,902,494.30. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nicholas Konat sold 20,270 shares of Sprouts Farmers Market stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer now owns 55,675 shares of the company's stock, valued at $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,675 shares of company stock valued at $22,127,407 over the last ninety 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.