Hood River Capital Management LLC Has $11.78 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hood River Capital Management LLC grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,682 shares of the company's stock after buying an additional 5,553 shares during the quarter. Hood River Capital Management LLC owned approximately 0.09% of Sprouts Farmers Market worth $11,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wesbanco Bank Inc. lifted its position in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after buying an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after acquiring an additional 77 shares during the last quarter. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company's stock worth $853,000 after acquiring an additional 80 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock worth $845,000 after acquiring an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after acquiring an additional 95 shares during the last quarter.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. Northcoast Research upgraded shares of 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. JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets upped their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $1.47 during mid-day trading on Tuesday, hitting $171.23. The company had a trading volume of 397,397 shares, compared to its average volume of 1,418,395. Sprouts Farmers Market, Inc. has a 12 month low of $64.02 and a 12 month high of $178.99. 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 firm has a market cap of $16.81 billion, a P/E ratio of 45.53, a PEG ratio of 2.31 and a beta of 0.87. The business's 50-day simple moving average is $149.71 and its 200-day simple moving average is $145.19.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the sale, the director now owns 28,571 shares of the company's stock, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $149.36, for a total transaction of $435,384.40. Following the sale, the chief executive officer now directly owns 189,315 shares of the company's stock, valued at approximately $28,276,088.40. The trade was a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,764 shares of company stock valued at $13,562,649 over the last quarter. Corporate insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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.