MGO One Seven LLC Acquires 2,391 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MGO One Seven LLC increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,566 shares of the company's stock after purchasing an additional 2,391 shares during the period. MGO One Seven LLC's holdings in Sprouts Farmers Market were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Sprouts Farmers Market by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after acquiring an additional 56,652 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sprouts Farmers Market by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock worth $567,322,000 after purchasing an additional 24,000 shares during the last quarter. Marshall Wace LLP boosted its position in Sprouts Farmers Market by 10.1% during the 4th quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock valued at $234,231,000 after purchasing an additional 168,605 shares during the period. Invesco Ltd. grew its stake in Sprouts Farmers Market by 22.9% during the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after buying an additional 294,553 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after buying an additional 156,175 shares during the period.

Analysts Set New Price Targets

Several analysts recently commented on SFM shares. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Bank of America upped their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Friday, February 28th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $167.00.

Sprouts Farmers Market Trading Down 1.2 %

Shares of SFM stock traded down $2.02 on Wednesday, hitting $170.28. The stock had a trading volume of 965,168 shares, compared to its average volume of 1,417,422. The company has a fifty day moving average price of $149.76 and a two-hundred day moving average price of $145.38. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.72 billion, a P/E ratio of 45.29, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $64.02 and a twelve month high of $178.99.

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

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company's stock, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Alisa Gmelich sold 445 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,764 shares of company stock worth $13,562,649. 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.