AGF Management Ltd. Has $23.81 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AGF Management Ltd. reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,369 shares of the company's stock after selling 29,269 shares during the period. AGF Management Ltd. owned approximately 0.19% of Sprouts Farmers Market worth $23,809,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its position 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 buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. boosted its position 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 buying an additional 162 shares during the period.

Insider Activity

In related news, Director Joe Fortunato sold 5,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares of the company's stock, valued at $4,137,080.80. This represents a 14.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 30,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,862 shares of the company's stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,564 shares of company stock valued at $6,890,970 in the last quarter. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Up 1.6 %

Sprouts Farmers Market stock opened at $134.91 on Wednesday. The stock has a market capitalization of $13.30 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The business has a 50 day simple moving average of $150.39 and a 200-day simple moving average of $133.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $154.15.

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.

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