State Street Corp Has $411.61 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State Street Corp lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,727,976 shares of the company's stock after purchasing an additional 8,724 shares during the period. State Street Corp owned 3.73% of Sprouts Farmers Market worth $411,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Advisors LLC bought a new stake in Sprouts Farmers Market in the first quarter valued at approximately $349,000. CWM LLC boosted its position in Sprouts Farmers Market by 12.6% during the second quarter. CWM LLC now owns 2,131 shares of the company's stock worth $178,000 after purchasing an additional 239 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Sprouts Farmers Market by 6.7% in the second quarter. QRG Capital Management Inc. now owns 5,844 shares of the company's stock valued at $489,000 after purchasing an additional 367 shares during the last quarter. RFG Advisory LLC raised its position in shares of Sprouts Farmers Market by 10.7% in the second quarter. RFG Advisory LLC now owns 4,660 shares of the company's stock valued at $390,000 after purchasing an additional 450 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sprouts Farmers Market by 9.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,868 shares of the company's stock worth $407,000 after buying an additional 424 shares during the last quarter.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded up $2.71 during trading hours on Tuesday, hitting $146.92. The company's stock had a trading volume of 1,178,689 shares, compared to its average volume of 1,335,105. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market capitalization of $14.69 billion, a P/E ratio of 41.68, a PEG ratio of 2.28 and a beta of 0.58. Sprouts Farmers Market, Inc. has a twelve month low of $45.88 and a twelve month high of $155.64. The stock has a fifty day simple moving average of $132.16 and a 200-day simple moving average of $105.28.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.65 earnings per share. The company's quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In related news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares of the company's stock, valued at $2,868,513.60. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph D. O'leary sold 350 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the sale, the director now directly owns 17,991 shares of the company's stock, valued at $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,155 shares of company stock valued at $3,742,274. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on SFM shares. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Melius Research started coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a "hold" rating and a $105.00 price objective on the stock. Finally, Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $118.40.

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.