Marietta Investment Partners LLC Purchases Shares of 6,419 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Marietta Investment Partners LLC purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,419 shares of the company's stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $207,000. CIBC Asset Management Inc raised its stake in shares of Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock worth $322,000 after purchasing an additional 101 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Sprouts Farmers Market by 17.0% during the 3rd quarter. Natixis Advisors LLC now owns 25,183 shares of the company's stock worth $2,780,000 after purchasing an additional 3,651 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Sprouts Farmers Market by 1.9% during the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company's stock valued at $605,000 after buying an additional 102 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $1,662,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SFM. JPMorgan Chase & Co. increased their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Jefferies Financial Group upped their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. UBS Group upped their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus target price of $167.00.

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Sprouts Farmers Market Trading Up 0.1 %

Shares of SFM traded up $0.08 during trading hours on Wednesday, hitting $149.78. 1,267,473 shares of the stock traded hands, compared to its average volume of 1,314,882. The business has a fifty day moving average of $151.44 and a 200-day moving average of $136.79. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization 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. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company 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%. Analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company's stock, valued at $24,070,304.26. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Konat sold 11,283 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 55,675 shares in the company, valued at $7,968,762.75. The trade was a 16.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,784 shares of company stock valued at $13,231,786. Company insiders own 1.10% of the company's stock.

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.