Dynamic Technology Lab Private Ltd Grows Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dynamic Technology Lab Private Ltd grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,515 shares of the company's stock after acquiring an additional 5,660 shares during the period. Sprouts Farmers Market accounts for 0.5% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 9th largest holding. Dynamic Technology Lab Private Ltd's holdings in Sprouts Farmers Market were worth $3,115,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Sprouts Farmers Market by 55.0% in the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after acquiring an additional 7,355 shares during the last quarter. Unified Investment Management bought a new stake in Sprouts Farmers Market in the 4th quarter valued at $1,161,000. JPMorgan Chase & Co. lifted its stake in shares of Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after buying an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $13,348,000. Finally, First Hawaiian Bank bought a new position in Sprouts Farmers Market during the 4th quarter worth $1,517,000.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. Bank of America lifted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Evercore ISI cut their target price on shares of 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. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. Finally, StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Monday. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of "Hold" and a consensus target price of $167.00.

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Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. The trade was a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $302,680.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $0.49 during trading on Thursday, hitting $153.17. The stock had a trading volume of 701,209 shares, compared to its average volume of 1,411,005. The stock's 50 day moving average is $151.99 and its two-hundred day moving average is $140.43. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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

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.