1,660 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Parametrica Management Ltd

Parametrica Management Ltd acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,660 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC grew its holdings in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $51,000.

Insider Activity at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 11,283 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $143.13, for a total transaction of $1,614,935.79. Following the sale, the chief operating officer now directly owns 55,675 shares of the company’s stock, valued at $7,968,762.75. This trade represents a 16.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the sale, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,784 shares of company stock valued at $13,231,786 in the last three months. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. UBS Group raised their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their target price for the company from $163.00 to $190.00 in a research report on Monday, March 17th. 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 report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $167.00.

Sprouts Farmers Market Price Performance

SFM stock opened at $149.70 on Wednesday. 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’s 50-day moving average price is $151.25 and its two-hundred day moving average price is $136.70. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share 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.