Natixis Advisors LLC Has $6.16 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Natixis Advisors LLC boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 92.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,499 shares of the company's stock after purchasing an additional 23,316 shares during the period. Natixis Advisors LLC's holdings in Sprouts Farmers Market were worth $6,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Renasant Bank purchased a new position in Sprouts Farmers Market during the 4th quarter valued at about $260,000. Swiss National Bank raised its position in shares of Sprouts Farmers Market by 0.4% in the 4th quarter. Swiss National Bank now owns 196,950 shares of the company's stock worth $25,026,000 after buying an additional 700 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Sprouts Farmers Market by 2,290.5% in the 4th quarter. Rakuten Securities Inc. now owns 502 shares of the company's stock valued at $64,000 after purchasing an additional 481 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Sprouts Farmers Market by 14.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,800 shares of the company's stock valued at $610,000 after buying an additional 618 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 worth $251,000 after purchasing an additional 77 shares during the period.

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Sprouts Farmers Market Stock Performance

SFM stock traded up $0.08 during midday trading on Wednesday, hitting $149.78. The stock had a trading volume of 1,267,427 shares, compared to its average volume of 1,313,486. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. 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 stock has a 50-day simple moving average of $151.25 and a 200 day simple moving average of $136.70. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 2.31 and a beta of 0.67.

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

Analysts Set New Price Targets

SFM has been the topic of several analyst reports. Evercore ISI dropped their price target 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. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $160.00 price target on shares of Sprouts Farmers Market in a report on Tuesday. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $167.00.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares in the company, valued at approximately $1,284,464.74. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 49,898 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 $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,784 shares of company stock valued at $13,231,786. 1.10% of the stock is currently 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.