Prudential PLC Buys 7,238 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Prudential PLC raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,673 shares of the company’s stock after purchasing an additional 7,238 shares during the quarter. Prudential PLC’s holdings in Sprouts Farmers Market were worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Nordea Investment Management AB raised its position in Sprouts Farmers Market by 614.5% in the 4th quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock valued at $146,359,000 after buying an additional 2,614,241 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after purchasing an additional 17,565 shares during the last quarter. Invesco Ltd. lifted its position in shares of Sprouts Farmers Market by 6.6% during the third quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock valued at $61,496,000 after purchasing an additional 88,997 shares in the last quarter. Assetmark Inc. boosted its holdings in Sprouts Farmers Market by 1.3% during the fourth quarter. Assetmark Inc. now owns 1,055,002 shares of the company’s stock worth $50,756,000 after purchasing an additional 13,184 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 929,565 shares of the company’s stock worth $44,721,000 after purchasing an additional 6,169 shares in the last quarter.

Insiders Place Their Bets

In related news, insider Timmi Zalatoris sold 5,353 shares of the company’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 completion of the transaction, the insider now directly owns 10,895 shares in the company, valued at $671,349.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 417 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $26,049.99. Following the completion of the sale, the vice president now owns 10,331 shares in the company, valued at $645,377.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmi Zalatoris sold 5,353 shares of the stock in a transaction that occurred 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 directly owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The disclosure for this sale can be found here. Insiders have sold 157,945 shares of company stock worth $10,559,002 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $77.03 on Monday. Sprouts Farmers Market, Inc. has a 12-month low of $33.01 and a 12-month high of $82.96. The company’s 50 day moving average is $71.46 and its 200-day moving average is $59.26. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.74 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. Sprouts Farmers Market’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on SFM shares. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Bank of America raised Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. Finally, Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.25.

Read Our Latest Research Report on SFM

Sprouts Farmers Market Company Profile

(Free Report)

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.

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

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