Russell Investments Group Ltd. Acquires 19,750 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Russell Investments Group Ltd. raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 30.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 84,181 shares of the company's stock after buying an additional 19,750 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Sprouts Farmers Market worth $10,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its holdings in Sprouts Farmers Market by 11.3% in the 3rd quarter. Quantinno Capital Management LP now owns 9,615 shares of the company's stock worth $1,062,000 after buying an additional 974 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Sprouts Farmers Market by 88.9% in the third quarter. Stifel Financial Corp now owns 71,983 shares of the company's stock worth $7,948,000 after purchasing an additional 33,884 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at $18,259,000. National Bank of Canada FI raised its stake in shares of Sprouts Farmers Market by 2,831.9% during the third quarter. National Bank of Canada FI now owns 5,424 shares of the company's stock valued at $599,000 after purchasing an additional 5,239 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Sprouts Farmers Market by 82.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,690 shares of the company's stock valued at $1,953,000 after buying an additional 8,010 shares in the last quarter.

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Analyst Ratings Changes

A number of research firms have commented on SFM. Bank of America boosted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. UBS Group boosted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their target price for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.00.

Sprouts Farmers Market Trading Down 0.0 %

Shares of SFM traded down $0.08 during midday trading on Tuesday, hitting $160.19. The stock had a trading volume of 1,177,309 shares, compared to its average volume of 1,417,420. The business has a 50-day simple moving average of $151.51 and a two-hundred day simple moving average of $141.66. The firm has a market cap of $15.70 billion, a P/E ratio of 42.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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. 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. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity 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 that occurred on Wednesday, April 9th. The shares were sold at an average price of $149.36, for a total value of $435,384.40. Following the transaction, the chief executive officer now owns 189,315 shares in the company, valued at approximately $28,276,088.40. This represents a 1.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the transaction, the chief marketing officer now directly owns 4,436 shares in the company, valued at $609,595.12. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,699 shares of company stock valued at $13,969,851. Company insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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.