1,920 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,920 shares of the company's stock, valued at approximately $244,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wesbanco Bank Inc. increased its position in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after buying an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock valued at $251,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after purchasing an additional 80 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after purchasing an additional 90 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock worth $489,000 after buying an additional 96 shares during the last quarter.

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Sprouts Farmers Market Price Performance

NASDAQ:SFM traded down $1.47 during trading hours on Thursday, hitting $148.31. The company's stock had a trading volume of 1,053,996 shares, compared to its average volume of 1,313,840. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a fifty day simple moving average of $151.44 and a 200-day simple moving average of $136.79. The company has a market capitalization of $14.54 billion, a P/E ratio of 39.44, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating 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 net margin of 4.93% and a return on equity of 29.86%. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Royal Bank of Canada reissued a "sector perform" rating and set a $160.00 target price on shares of Sprouts Farmers Market in a report on Tuesday. UBS Group upped their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price objective for the company from $163.00 to $190.00 in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average price target 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 stock was sold at an average price of $143.13, for a total value of $1,614,935.79. Following the transaction, the chief operating officer now directly owns 55,675 shares of the company's stock, valued at $7,968,762.75. The trade was a 16.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. The trade was a 9.78 % decrease in their position. 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 90 days. Corporate insiders own 1.10% of the company's stock.

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.