EFG Asset Management North America Corp. Takes $840,000 Position in Sprouts Farmers Market, Inc. $SFM

EFG Asset Management North America Corp. bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) during the 3rd quarter, HoldingsChannel reports. The fund bought 7,727 shares of the company’s stock, valued at approximately $840,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SFM. Root Financial Partners LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Sprouts Farmers Market in the third quarter valued at approximately $33,000. Global Trust Asset Management LLC raised its position in Sprouts Farmers Market by 520.8% during the second quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock valued at $49,000 after purchasing an additional 250 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Sprouts Farmers Market by 60.5% during the second quarter. Cullen Frost Bankers Inc. now owns 419 shares of the company’s stock worth $69,000 after purchasing an additional 158 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SFM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. BMO Capital Markets set a $90.00 target price on Sprouts Farmers Market in a research report on Thursday, October 30th. Roth Mkm reissued a “neutral” rating and set a $91.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Royal Bank Of Canada dropped their target price on shares of Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.38.

Get Our Latest Report on SFM

Key Headlines Impacting Sprouts Farmers Market

Here are the key news stories impacting Sprouts Farmers Market this week:

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $70.89 on Wednesday. The business has a 50 day moving average of $79.68 and a 200-day moving average of $109.34. The company has a market capitalization of $6.90 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.72 and a beta of 0.73. Sprouts Farmers Market, Inc. has a 1 year low of $69.29 and a 1 year high of $182.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.03%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider John Scott Neal sold 17,471 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the transaction, the insider directly owned 14,178 shares of the company’s stock, valued at $1,207,965.60. This trade represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the completion of the sale, the chief marketing officer owned 5,552 shares in the company, valued at $440,773.28. This trade represents a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Company Profile

(Free Report)

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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