Wellington Management Group LLP Buys 93,734 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wellington Management Group LLP grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,108 shares of the company's stock after purchasing an additional 93,734 shares during the quarter. Wellington Management Group LLP owned approximately 0.26% of Sprouts Farmers Market worth $32,925,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 111 Capital purchased a new stake in Sprouts Farmers Market in the 4th quarter worth about $1,006,000. Wealth Enhancement Advisory Services LLC increased its holdings in Sprouts Farmers Market by 24.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,954 shares of the company's stock worth $757,000 after acquiring an additional 1,178 shares during the last quarter. Centaurus Financial Inc. increased its holdings in Sprouts Farmers Market by 8.4% in the 4th quarter. Centaurus Financial Inc. now owns 1,466 shares of the company's stock worth $186,000 after acquiring an additional 113 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Sprouts Farmers Market in the 4th quarter worth about $613,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Sprouts Farmers Market in the 4th quarter worth about $14,198,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SFM. Bank of America lifted their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Friday, February 28th. Roth Mkm raised their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Evercore ISI boosted their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $167.79.

Sprouts Farmers Market Trading Down 2.4%

Shares of NASDAQ:SFM traded down $4.32 during midday trading on Tuesday, hitting $175.21. 1,873,800 shares of the stock traded hands, compared to its average volume of 1,640,019. The stock has a market capitalization of $17.15 billion, a PE ratio of 46.60, a P/E/G ratio of 2.31 and a beta of 0.87. The business's 50 day moving average is $161.49 and its two-hundred day moving average is $151.90. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a one year low of $74.14 and a one year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly 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. 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 analysts' expectations of $2.20 billion. During the same quarter in the previous year, the company earned $1.12 earnings per share. Sprouts Farmers Market's quarterly revenue was up 18.7% on a year-over-year basis. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at approximately $1,326,755.10. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 49,898 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at $26,034,081.58. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,547 shares of company stock valued at $22,307,280. 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.