Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,470 shares of the company’s stock after buying an additional 233 shares during the quarter. Mackenzie Financial Corp’s holdings in Sprouts Farmers Market were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFM. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Sprouts Farmers Market by 14.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,900 shares of the company’s stock valued at $1,622,000 after purchasing an additional 4,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 405.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 155,087 shares of the company’s stock valued at $6,638,000 after purchasing an additional 124,417 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $49,000. Raymond James & Associates raised its holdings in shares of Sprouts Farmers Market by 21.9% during the 3rd quarter. Raymond James & Associates now owns 15,832 shares of the company’s stock valued at $678,000 after purchasing an additional 2,842 shares in the last quarter. Finally, Foster & Motley Inc. raised its holdings in shares of Sprouts Farmers Market by 3.5% during the 3rd quarter. Foster & Motley Inc. now owns 25,562 shares of the company’s stock valued at $1,094,000 after purchasing an additional 858 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Bank of America upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price target for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $51.14.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total value of $329,851.86. Following the sale, the insider now directly owns 10,895 shares in the company, valued at approximately $671,349.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Timmi Zalatoris sold 5,353 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total transaction of $329,851.86. Following the completion of the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandon F. Lombardi sold 22,799 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the transaction, the insider now directly owns 8,328 shares of the company’s stock, valued at $499,513.44. The disclosure for this sale can be found here. Insiders have sold 160,852 shares of company stock worth $10,032,745 in the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $66.98 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $32.12 and a 1 year high of $68.03. The firm’s fifty day simple moving average is $62.51 and its 200 day simple moving average is $51.99. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $6.78 billion, a PE ratio of 26.69, a PEG ratio of 2.40 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion for 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current year.

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.