Mirova Increases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mirova grew its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,731 shares of the company's stock after purchasing an additional 3,296 shares during the quarter. Mirova's holdings in Sprouts Farmers Market were worth $3,270,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SFM. Wesbanco Bank Inc. grew its position in Sprouts Farmers Market by 0.3% during the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after acquiring an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust increased its stake 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 worth $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC raised its holdings in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after buying an additional 90 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock valued at $3,896,000 after buying an additional 95 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday. Royal Bank of Canada reissued a "sector perform" rating and set a $160.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $167.00.

Sprouts Farmers Market Stock Up 1.1 %

Shares of NASDAQ SFM traded up $1.78 during trading on Wednesday, reaching $165.08. The company had a trading volume of 1,509,124 shares, compared to its average volume of 1,424,372. The business's 50-day moving average is $150.11 and its 200 day moving average is $143.65. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.21 billion, a PE ratio of 43.90, a P/E/G ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 12-month low of $64.02 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, equities analysts forecast 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 related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the sale, the insider now directly owns 9,830 shares in the company, 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. In the last three months, insiders have sold 96,764 shares of company stock worth $13,562,649. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Company 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.