International Assets Investment Management LLC Has $3.16 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

International Assets Investment Management LLC increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2,152.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,670 shares of the company’s stock after purchasing an additional 62,755 shares during the quarter. International Assets Investment Management LLC’s holdings in Sprouts Farmers Market were worth $3,159,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at about $25,000. Canada Pension Plan Investment Board bought a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $35,000. Ronald Blue Trust Inc. increased its holdings in Sprouts Farmers Market by 80.3% in the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock worth $36,000 after buying an additional 370 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in Sprouts Farmers Market during the third quarter valued at approximately $49,000. Finally, Baldwin Brothers LLC MA raised its position in Sprouts Farmers Market by 20.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after acquiring an additional 210 shares in the last quarter.

Sprouts Farmers Market Trading Up 0.2 %

Shares of SFM opened at $62.42 on Thursday. The stock’s 50-day moving average price is $60.61 and its 200 day moving average price is $50.92. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. Sprouts Farmers Market, Inc. has a 12-month low of $32.12 and a 12-month high of $65.53. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.27 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. Sprouts Farmers Market’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Evercore ISI dropped their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their target price for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.14.

Insider Activity

In other news, CEO Jack Sinclair sold 31,710 shares of Sprouts Farmers Market stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares in the company, valued at approximately $17,332,052.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Timmi Zalatoris sold 5,353 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total value of $329,851.86. Following the sale, the insider now owns 10,895 shares in the company, valued at approximately $671,349.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 31,710 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the sale, the chief executive officer now owns 274,981 shares of the company’s stock, valued at approximately $17,332,052.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,852 shares of company stock worth $10,032,745. 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.