Mackenzie Financial Corp Has $407,000 Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mackenzie Financial Corp lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,470 shares of the company’s stock after purchasing an additional 233 shares during the quarter. Mackenzie Financial Corp’s holdings in Sprouts Farmers Market were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SFM. Nordea Investment Management AB lifted its position in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after purchasing an additional 2,614,241 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $23,992,000. California Public Employees Retirement System bought a new stake in shares of Sprouts Farmers Market in the third quarter worth $20,524,000. Reinhart Partners LLC. bought a new stake in Sprouts Farmers Market during the third quarter worth $16,682,000. Finally, Congress Asset Management Co. MA raised its position in Sprouts Farmers Market by 21.2% during the third quarter. Congress Asset Management Co. MA now owns 817,360 shares of the company’s stock worth $34,983,000 after acquiring an additional 143,100 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, COO Nicholas Konat sold 31,846 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the transaction, the chief operating officer now directly owns 82,495 shares in the company, valued at $5,125,414.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at approximately $518,084.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,852 shares of company stock worth $10,032,745. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $66.98 on Friday. Sprouts Farmers Market, Inc. has a one year low of $32.12 and a one year high of $68.03. The company has a market cap of $6.78 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.40 and a beta of 0.50. The firm’s fifty day moving average price is $62.51 and its two-hundred day moving average price is $51.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts expect that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price target for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. The Goldman Sachs Group upped their price target 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, 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 report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.14.

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.