Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,824 shares of the company's stock after purchasing an additional 2,643 shares during the period. O Shaughnessy Asset Management LLC's holdings in Sprouts Farmers Market were worth $6,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SFM. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the fourth quarter valued at $31,000. Avior Wealth Management LLC lifted its holdings in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares in the last quarter. Global Retirement Partners LLC boosted its position in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $51,000. Finally, V Square Quantitative Management LLC increased its position 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 worth $58,000 after acquiring an additional 114 shares during the last quarter.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Jefferies Financial Group increased their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Bank of America lifted 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 note on Tuesday, February 11th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Finally, Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of "Hold" and a consensus price target of $167.00.

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Sprouts Farmers Market Stock Performance

NASDAQ:SFM traded down $5.06 during midday trading on Thursday, reaching $153.28. 1,861,144 shares of the company traded hands, compared to its average volume of 1,384,597. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a fifty day moving average price of $152.58 and a 200 day moving average price of $138.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly 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 company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the transaction, the insider now owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. This represents a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction on 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 directly owns 143,669 shares in the company, 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. In the last 90 days, insiders sold 96,784 shares of company stock worth $13,534,466. Insiders own 1.10% of the company's stock.

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.