9,428 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,428 shares of the company's stock, valued at approximately $1,198,000.

A number of other hedge funds have also modified their holdings of SFM. Geode Capital Management LLC raised its stake in shares of Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock valued at $275,634,000 after buying an additional 56,161 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after buying an additional 156,175 shares in the last quarter. Congress Asset Management Co. grew its position in Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after buying an additional 632,523 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Sprouts Farmers Market by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company's stock valued at $125,430,000 after buying an additional 3,836 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Sprouts Farmers Market by 1.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company's stock valued at $77,122,000 after acquiring an additional 10,326 shares during the period.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on SFM shares. Jefferies Financial Group increased their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Bank of America upped their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Roth Mkm raised their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report 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 for the company in a research report on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $167.00.

Insiders Place Their Bets

In related news, COO Nicholas Konat sold 11,283 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $143.13, for a total value of $1,614,935.79. Following the completion of the transaction, the chief operating officer now owns 55,675 shares in the company, valued at $7,968,762.75. The trade was a 16.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.25, for a total transaction of $140,250.00. Following the transaction, the director now owns 10,598 shares of the company's stock, valued at approximately $1,486,369.50. The trade was a 8.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,784 shares of company stock worth $13,231,786 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Trading Up 0.1 %

Shares of SFM traded up $0.08 during trading on Wednesday, reaching $149.78. 1,267,437 shares of the company traded hands, compared to its average volume of 1,313,486. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $14.68 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The stock has a 50-day simple moving average of $151.25 and a 200-day simple moving average of $136.70. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share for the current year.

Sprouts Farmers Market Company 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.