Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Williamson Legacy Group LLC

Williamson Legacy Group LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,443 shares of the company’s stock after buying an additional 653 shares during the period. Williamson Legacy Group LLC’s holdings in Sprouts Farmers Market were worth $946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $13,348,000. SpiderRock Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $3,252,000. First Hawaiian Bank acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after buying an additional 48,103 shares during the last quarter.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Evercore ISI raised their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average target price of $154.00.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock worth $6,323,731 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Up 3.9 %

Shares of SFM stock opened at $148.40 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. The company has a market capitalization of $14.63 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. The business’s 50 day moving average is $148.73 and its two-hundred day moving average is $131.00.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 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.