Jump Financial LLC Boosts Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Jump Financial LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 433.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 126,390 shares of the company's stock after acquiring an additional 102,675 shares during the period. Jump Financial LLC owned approximately 0.13% of Sprouts Farmers Market worth $16,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. National Bank of Canada FI boosted its holdings in Sprouts Farmers Market by 2,831.9% in the third quarter. National Bank of Canada FI now owns 5,424 shares of the company's stock valued at $599,000 after purchasing an additional 5,239 shares during the last quarter. Barclays PLC increased its stake in Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after buying an additional 111,838 shares in the last quarter. Rule One Partners LLC purchased a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $14,022,000. Sanctuary Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 9.9% in the third quarter. Sanctuary Advisors LLC now owns 15,578 shares of the company's stock worth $1,720,000 after acquiring an additional 1,402 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $13,348,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SFM shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $160.00 price target on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. StockNews.com downgraded Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research report on Tuesday. Jefferies Financial Group upped their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus price target of $167.00.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares of the company's stock, valued at $1,284,464.74. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $149.36, for a total value of $435,384.40. Following the sale, the chief executive officer now owns 189,315 shares in the company, valued at approximately $28,276,088.40. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,764 shares of company stock valued at $13,562,649 over the last quarter. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

SFM traded up $0.71 on Friday, hitting $160.15. 1,270,951 shares of the company were exchanged, compared to its average volume of 1,422,890. Sprouts Farmers Market, Inc. has a fifty-two week low of $62.72 and a fifty-two week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The business's fifty day moving average is $150.85 and its 200 day moving average is $142.60. The firm has a market capitalization of $15.72 billion, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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.