Zurcher Kantonalbank Zurich Cantonalbank Has $4.42 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 76.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 40,058 shares of the company's stock after purchasing an additional 17,305 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Sprouts Farmers Market were worth $4,423,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter worth $1,577,000. Freedom Investment Management Inc. acquired a new stake in Sprouts Farmers Market during the third quarter worth about $233,000. D.A. Davidson & CO. bought a new position in Sprouts Farmers Market during the third quarter valued at about $220,000. Independent Advisor Alliance acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at approximately $225,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Sprouts Farmers Market by 5.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 11,223 shares of the company's stock worth $1,239,000 after acquiring an additional 629 shares during the period.

Sprouts Farmers Market Trading Up 0.1 %

Shares of NASDAQ:SFM traded up $0.20 during mid-day trading on Tuesday, reaching $151.12. The stock had a trading volume of 1,206,695 shares, compared to its average volume of 1,338,046. The firm has a market cap of $15.11 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58. The firm has a 50 day simple moving average of $128.03 and a two-hundred day simple moving average of $102.77. 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 twelve month low of $44.02 and a twelve month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS 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 business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm's quarterly revenue was up 13.6% on a year-over-year basis. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SFM shares. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Evercore ISI upped their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.40.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40. Following the transaction, the insider now owns 26,172 shares of the company's stock, valued at $2,596,262.40. The trade was a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph L. Hurley sold 4,956 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,802 shares of company stock valued at $3,887,838. 1.10% of the stock is currently owned by corporate insiders.

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.