Point72 Hong Kong Ltd Has $3.09 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Hong Kong Ltd lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 4,759.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,344 shares of the company's stock after acquiring an additional 23,843 shares during the quarter. Point72 Hong Kong Ltd's holdings in Sprouts Farmers Market were worth $3,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wesbanco Bank Inc. increased its holdings in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock valued at $3,642,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock valued at $251,000 after buying an additional 77 shares during the last quarter. Greenleaf Trust increased its stake in shares of Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Sprouts Farmers Market by 1.4% during 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. raised its position in shares of Sprouts Farmers Market by 0.3% during 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.

Sprouts Farmers Market Stock Performance

SFM stock opened at $158.48 on Thursday. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. 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 $15.51 billion, a PE ratio of 42.15, a P/E/G ratio of 2.31 and a beta of 0.87. The business's 50-day moving average price is $154.45 and its two-hundred day moving average price is $148.83.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business 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 business posted $1.12 EPS. Sprouts Farmers Market's revenue for the quarter 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 related news, Director Joe Fortunato sold 5,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the transaction, the director now directly owns 28,571 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the sale, the vice president now directly owns 9,347 shares in the company, valued at approximately $1,284,464.74. This represents a 8.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,141 shares of company stock valued at $15,170,636. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on SFM shares. 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 research report on Tuesday, February 11th. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research report on Friday, February 28th. Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Jefferies Financial Group raised their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price 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. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market currently has an average rating of "Hold" and an average target price of $167.79.

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.

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