Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,349,694 shares of the company's stock after buying an additional 156,175 shares during the quarter. JPMorgan Chase & Co. owned about 1.35% of Sprouts Farmers Market worth $149,020,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth approximately $38,000. First Horizon Advisors Inc. increased 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 purchasing an additional 162 shares in the last quarter. Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $60,000.

Wall Street Analyst Weigh In

Several brokerages have commented on SFM. Evercore ISI raised their target price 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. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 target price on the stock. Melius Research began coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a "hold" rating and a $105.00 price target for the company. The Goldman Sachs Group increased 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. Finally, BMO Capital Markets increased their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $118.40.

Insider Activity

In related news, insider Joseph L. Hurley sold 4,956 shares of the business'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 transaction, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the sale, the chief executive officer now owns 211,004 shares of the company's stock, valued at $23,718,959.64. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,569 shares of company stock worth $9,117,886. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Down 0.2 %

NASDAQ SFM traded down $0.23 on Wednesday, hitting $127.07. 927,628 shares of the stock were exchanged, compared to its average volume of 1,331,932. The firm has a market capitalization of $12.71 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.23 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 52-week low of $47.82 and a 52-week high of $155.64. The stock has a fifty day moving average price of $139.28 and a two-hundred day moving average price of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company posted $0.65 earnings per share. The company's quarterly revenue was up 13.6% compared to the same quarter last year. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal 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.