Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,354 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,147 shares of the company’s stock after acquiring an additional 3,354 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sprouts Farmers Market were worth $2,364,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SFM. VisionPoint Advisory Group LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. Ronald Blue Trust Inc. raised its position in Sprouts Farmers Market by 80.3% during the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock worth $36,000 after acquiring an additional 370 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $49,000. Baldwin Brothers LLC MA grew its position in shares of Sprouts Farmers Market by 20.0% in the 4th 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 during the period. Finally, Blue Trust Inc. increased its stake in shares of Sprouts Farmers Market by 69.4% during the 4th quarter. Blue Trust Inc. now owns 1,408 shares of the company’s stock worth $68,000 after purchasing an additional 577 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SFM shares. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price objective for the company from $30.00 to $70.00 in a research report on Tuesday, February 27th. Evercore ISI cut their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group lifted their price objective 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $51.14.

Sprouts Farmers Market Stock Up 0.1 %

Shares of SFM opened at $65.49 on Wednesday. The stock’s 50-day moving average price is $61.40 and its two-hundred day moving average price is $51.46. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $66.18. The company has a market capitalization of $6.63 billion, a PE ratio of 26.09, a PEG ratio of 2.38 and a beta of 0.50. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm earned $0.42 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 5,353 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $671,349.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the completion of the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 31,710 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total value 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. Over the last ninety days, insiders sold 160,852 shares of company stock valued at $10,032,745. Corporate insiders own 1.10% of the company’s stock.

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.