Wellington Management Group LLP Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wellington Management Group LLP purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 67,295 shares of the company's stock, valued at approximately $2,880,000. Wellington Management Group LLP owned approximately 0.07% of Sprouts Farmers Market as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SFM. Vanguard Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company's stock worth $352,344,000 after purchasing an additional 57,361 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Sprouts Farmers Market by 2.2% in the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company's stock worth $188,629,000 after buying an additional 128,000 shares in the last quarter. State Street Corp grew its position in Sprouts Farmers Market by 3.0% during the first quarter. State Street Corp now owns 3,854,433 shares of the company's stock valued at $135,021,000 after acquiring an additional 112,789 shares during the last quarter. Morgan Stanley grew its position in Sprouts Farmers Market by 111.3% during the fourth quarter. Morgan Stanley now owns 3,093,805 shares of the company's stock valued at $100,146,000 after acquiring an additional 1,629,709 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sprouts Farmers Market by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,506 shares of the company's stock worth $96,180,000 after acquiring an additional 77,540 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded up $0.44 on Thursday, reaching $64.48. The stock had a trading volume of 921,130 shares, compared to its average volume of 1,325,289. The stock has a market cap of $6.53 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 1.10. Sprouts Farmers Market, Inc. has a 1 year low of $32.12 and a 1 year high of $65.53. The company has a 50 day simple moving average of $57.09 and a 200 day simple moving average of $48.70.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current year.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Sunday, December 3rd. Bank of America upgraded Sprouts Farmers Market from an "underperform" rating to a "buy" rating and boosted their price target for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Evercore ISI increased their price objective on Sprouts Farmers Market from $59.00 to $62.00 and gave the stock an "in-line" rating in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $51.29.

Insider Activity

In other news, CEO Jack Sinclair sold 31,710 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at approximately $17,332,052.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Nicholas Konat sold 31,846 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares of the company's stock, valued at approximately $5,125,414.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 31,710 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.03, for a total value of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at approximately $17,332,052.43. The disclosure for this sale can be found here. Insiders sold a total of 160,852 shares of company stock worth $10,032,745 over the last 90 days. Corporate insiders own 1.20% 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.