Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,566 shares of the company's stock after buying an additional 2,391 shares during the period. MGO One Seven LLC's holdings in Sprouts Farmers Market were worth $1,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. Pinebridge Investments L.P. grew its position in Sprouts Farmers Market by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 30,917 shares of the company's stock worth $3,929,000 after buying an additional 9,248 shares in the last quarter. Harvest Investment Services LLC boosted its position in Sprouts Farmers Market by 85.3% in the fourth quarter. Harvest Investment Services LLC now owns 41,908 shares of the company's stock valued at $5,325,000 after buying an additional 19,286 shares in the last quarter. Hsbc Holdings PLC raised its position in Sprouts Farmers Market by 166.6% in the 4th quarter. Hsbc Holdings PLC now owns 145,285 shares of the company's stock valued at $18,562,000 after purchasing an additional 90,789 shares during the last quarter. Stifel Financial Corp grew its holdings in Sprouts Farmers Market by 7.4% during the 4th quarter. Stifel Financial Corp now owns 77,293 shares of the company's stock worth $9,822,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Optivise Advisory Services LLC acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $219,000.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group boosted 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. Finally, Evercore ISI reduced their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $167.00.

Sprouts Farmers Market Trading Up 1.0 %

SFM stock traded up $1.73 during mid-day trading on Monday, reaching $169.76. The company had a trading volume of 2,465,388 shares, compared to its average volume of 1,422,340. The company has a market capitalization of $16.67 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 12 month low of $64.02 and a 12 month high of $178.99. The firm has a 50 day moving average of $149.83 and a 200 day moving average of $144.82.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares in the company, valued at approximately $609,595.12. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,764 shares of company stock valued at $13,562,649 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.