4,867 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,867 shares of the company’s stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock valued at $1,347,554,000 after buying an additional 56,652 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after buying an additional 24,000 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Sprouts Farmers Market by 10.1% during the 4th quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock worth $234,231,000 after buying an additional 168,605 shares during the last quarter. Invesco Ltd. increased its holdings in shares of 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, Assenagon Asset Management S.A. increased its holdings in shares of Sprouts Farmers Market by 1,033.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock worth $225,350,000 after buying an additional 1,346,097 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $164.62 on Thursday. The stock has a 50-day simple moving average of $165.61 and a 200-day simple moving average of $153.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The stock has a market capitalization of $16.11 billion, a PE ratio of 36.99, a PEG ratio of 1.93 and a beta of 0.81. Sprouts Farmers Market, Inc. has a 1 year low of $79.34 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its 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 5.53% and a return on equity of 34.20%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $161.81, for a total value of $654,521.45. Following the transaction, the chief executive officer now directly owns 174,740 shares of the company’s stock, valued at $28,274,679.40. The trade was a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Alisa Gmelich sold 677 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $175.18, for a total value of $118,596.86. Following the transaction, the chief marketing officer now directly owns 5,552 shares in the company, valued at approximately $972,599.36. This represents a 10.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,905 shares of company stock valued at $11,963,931. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. UBS Group upped their price target on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.79.

Sprouts Farmers Market Company 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.