M&T Bank Corp Has $997,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

M&T Bank Corp raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,534 shares of the company’s stock after acquiring an additional 364 shares during the quarter. M&T Bank Corp’s holdings in Sprouts Farmers Market were worth $997,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after acquiring an additional 92 shares during the last quarter. GeoWealth Management LLC raised its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Versant Capital Management Inc boosted its position in shares of Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company’s stock worth $49,000 after purchasing an additional 168 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $63,000. Finally, Contravisory Investment Management Inc. increased its position in shares of Sprouts Farmers Market by 100.9% in the 1st quarter. Contravisory Investment Management Inc. now owns 454 shares of the company’s stock valued at $69,000 after buying an additional 228 shares in the last quarter.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $164.54 on Tuesday. Sprouts Farmers Market, Inc. has a 52-week low of $81.41 and a 52-week high of $182.00. The company has a market cap of $16.10 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The stock’s 50-day simple moving average is $164.31 and its 200 day simple moving average is $155.78.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jack Sinclair sold 4,054 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $160.45, for a total value of $650,464.30. Following the transaction, the chief executive officer directly owned 174,740 shares of the company’s stock, valued at $28,037,033. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kim Coffin sold 3,643 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $174.27, for a total transaction of $634,865.61. Following the completion of the sale, the senior vice president directly owned 11,886 shares of the company’s stock, valued at approximately $2,071,373.22. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,035 shares of company stock valued at $12,213,719. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on SFM shares. Wall Street Zen upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the company a “neutral” rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their target price for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Finally, Royal Bank Of Canada upped their price target on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a “sector perform” rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $167.79.

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.