Wellington Management Group LLP Has $32.93 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wellington Management Group LLP boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 56.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,108 shares of the company's stock after acquiring an additional 93,734 shares during the period. Wellington Management Group LLP owned 0.26% of Sprouts Farmers Market worth $32,925,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after purchasing an additional 56,652 shares during the last quarter. Geode Capital Management LLC grew its stake in Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock worth $275,634,000 after purchasing an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after buying an additional 156,175 shares during the last quarter. Congress Asset Management Co. raised its stake in Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after buying an additional 632,523 shares in the last quarter. Finally, Norges Bank bought a new position in Sprouts Farmers Market during the 4th quarter worth approximately $143,113,000.

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Sprouts Farmers Market Stock Performance

SFM stock traded up $3.35 during trading on Friday, reaching $157.27. 1,407,552 shares of the company's stock were exchanged, compared to its average volume of 1,417,269. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99. The firm has a market cap of $15.42 billion, a PE ratio of 41.83, a P/E/G ratio of 2.31 and a beta of 0.87. The company's fifty day moving average price is $151.70 and its 200-day moving average price is $141.07. 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 data 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. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analysts Set New Price Targets

SFM has been the topic of several research reports. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Monday. Roth Mkm increased their target price 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. Wells Fargo & Company raised their price target on shares of 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. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price objective for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $167.00.

Insider Activity at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares of the company's stock, valued at $1,284,464.74. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $149.36, for a total transaction of $435,384.40. Following the completion of the sale, the chief executive officer now directly owns 189,315 shares of the company's stock, valued at $28,276,088.40. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,699 shares of company stock worth $13,969,851 over the last quarter. 1.10% of the stock is currently owned by company insiders.

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.