New Age Alpha Advisors LLC Invests $1.16 Million in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

New Age Alpha Advisors LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,141 shares of the company's stock, valued at approximately $1,162,000.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Sprouts Farmers Market by 55.0% in the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock worth $2,633,000 after buying an additional 7,355 shares during the last quarter. Unified Investment Management bought a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $1,161,000. JPMorgan Chase & Co. grew its holdings in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after purchasing an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at approximately $13,348,000. Finally, First Hawaiian Bank acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $1,517,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SFM shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $160.00 target price on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. Evercore ISI lowered their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Friday, February 28th. Jefferies Financial Group raised their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $167.00.

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Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total transaction of $302,680.00. Following the sale, the insider now owns 13,263 shares of the company's stock, valued at approximately $2,007,222.42. This trade represents a 13.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Alisa Gmelich sold 445 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $61,151.90. Following the completion of the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,784 shares of company stock worth $13,534,466 in the last three months. Insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Down 3.2 %

Sprouts Farmers Market stock traded down $5.06 during trading hours on Thursday, reaching $153.28. 1,861,077 shares of the company's stock traded hands, compared to its average volume of 1,384,578. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The firm's 50 day moving average is $152.44 and its 200-day moving average is $138.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share 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 business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

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.