Resona Asset Management Co. Ltd. Purchases New Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,245 shares of the company's stock, valued at approximately $794,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $31,000. Avior Wealth Management LLC increased its stake in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth approximately $51,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Sprouts Farmers Market by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company's stock valued at $58,000 after buying an additional 114 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $0.60 during trading on Wednesday, hitting $160.79. 237,723 shares of the company's stock were exchanged, compared to its average volume of 1,577,428. Sprouts Farmers Market, Inc. has a 52-week low of $61.71 and a 52-week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 2.31 and a beta of 0.87. The business has a 50-day simple moving average of $151.32 and a 200-day simple moving average of $141.79.

Remove Ads

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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. 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 analysts' expectations of $1.96 billion. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on SFM shares. BMO Capital Markets increased their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. UBS Group increased their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $160.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted 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. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and an average target price of $167.00.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total value of $302,680.00. Following the sale, the insider now owns 13,263 shares of the company's stock, valued at $2,007,222.42. The trade was a 13.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 96,764 shares of company stock worth $13,562,649 over the last three months. 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.