EFG Asset Management North America Corp. Makes New $840,000 Investment in Sprouts Farmers Market, Inc. $SFM

EFG Asset Management North America Corp. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,727 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors have also made changes to their positions in the company. Focus Partners Wealth bought a new position in Sprouts Farmers Market in the first quarter valued at $400,000. Global Trust Asset Management LLC boosted its stake in shares of Sprouts Farmers Market by 520.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 298 shares of the company’s stock worth $49,000 after buying an additional 250 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in shares of Sprouts Farmers Market by 5.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 5,126 shares of the company’s stock valued at $844,000 after acquiring an additional 259 shares in the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of Sprouts Farmers Market by 7.1% in the second quarter. Campbell Newman Asset Management Inc. now owns 17,255 shares of the company’s stock valued at $2,841,000 after acquiring an additional 1,147 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in Sprouts Farmers Market by 3.3% during the second quarter. Greenleaf Trust now owns 2,750 shares of the company’s stock worth $453,000 after acquiring an additional 89 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SFM shares. Evercore ISI decreased their price target on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. JPMorgan Chase & Co. lowered their target price on shares of Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. BMO Capital Markets set a $90.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Finally, Barclays cut their target price on shares of Sprouts Farmers Market from $185.00 to $122.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.38.

Read Our Latest Stock Analysis on SFM

Insiders Place Their Bets

In related news, insider John Scott Neal sold 17,471 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the transaction, the insider directly owned 14,178 shares in the company, valued at approximately $1,207,965.60. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Alisa Gmelich sold 3,161 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.39, for a total transaction of $250,951.79. Following the completion of the sale, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at $440,773.28. This represents a 36.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $70.89 on Wednesday. The stock has a market cap of $6.90 billion, a PE ratio of 13.71, a P/E/G ratio of 0.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05. The firm has a 50-day moving average of $79.68 and a 200-day moving average of $109.34. Sprouts Farmers Market, Inc. has a 52-week low of $69.29 and a 52-week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Sprouts Farmers Market had a net margin of 5.93% and a return on equity of 38.03%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Sprouts Farmers Market News Roundup

Here are the key news stories impacting Sprouts Farmers Market this week:

Sprouts Farmers Market Profile

(Free Report)

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.

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

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