3,820 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Burr Financial Services LLC

Burr Financial Services LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,820 shares of the company’s stock, valued at approximately $485,000. Sprouts Farmers Market accounts for 0.3% of Burr Financial Services LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after purchasing an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $108,561,000 after acquiring an additional 48,103 shares during the period. Driehaus Capital Management LLC boosted its stake in Sprouts Farmers Market by 7.8% during the second quarter. Driehaus Capital Management LLC now owns 734,992 shares of the company’s stock worth $61,489,000 after acquiring an additional 53,165 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Sprouts Farmers Market by 1.5% in the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after purchasing an additional 10,326 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Evercore ISI increased their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $118.40.

Insiders Place Their Bets

In other news, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the transaction, the chief executive officer now owns 199,576 shares in the company, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,869 shares of company stock valued at $8,778,152. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $146.25 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a fifty day moving average price of $141.42 and a 200-day moving average price of $118.10. Sprouts Farmers Market, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.94 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

About Sprouts Farmers Market

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.