Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 101.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,967 shares of the company’s stock after buying an additional 145,304 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sprouts Farmers Market were worth $8,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Sprouts Farmers Market by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock valued at $352,344,000 after buying an additional 57,361 shares during the last quarter. FMR LLC grew its holdings in shares of Sprouts Farmers Market by 46.3% during the second quarter. FMR LLC now owns 9,631,930 shares of the company’s stock valued at $243,881,000 after purchasing an additional 3,048,706 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Sprouts Farmers Market by 3.5% during the second quarter. Renaissance Technologies LLC now owns 6,106,432 shares of the company’s stock valued at $154,615,000 after purchasing an additional 208,100 shares during the last quarter. State Street Corp grew its holdings in shares of Sprouts Farmers Market by 0.4% during the first quarter. State Street Corp now owns 3,850,145 shares of the company’s stock valued at $123,128,000 after purchasing an additional 16,499 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Sprouts Farmers Market by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,007,506 shares of the company’s stock valued at $96,180,000 after purchasing an additional 77,540 shares during the last quarter. 99.11% of the stock is owned by institutional investors.

Sprouts Farmers Market Stock Performance

SFM opened at $32.00 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71. Sprouts Farmers Market, Inc. has a 1-year low of $22.56 and a 1-year high of $35.34. The business has a 50 day moving average price of $32.89 and a two-hundred day moving average price of $29.84.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Sprouts Farmers Market had a return on equity of 25.06% and a net margin of 3.99%. Research analysts predict that Sprouts Farmers Market, Inc. will post 2.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $33.77, for a total value of $2,902,632.81. Following the transaction, the chief executive officer now owns 207,638 shares of the company’s stock, valued at $7,011,935.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 85,953 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $33.77, for a total value of $2,902,632.81. Following the transaction, the chief executive officer now owns 207,638 shares of the company’s stock, valued at $7,011,935.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total value of $302,080.00. Following the completion of the transaction, the vice president now directly owns 10,902 shares in the company, valued at approximately $348,864. The disclosure for this sale can be found here. Insiders sold 120,688 shares of company stock worth $4,049,303 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SFM shares. StockNews.com started coverage on Sprouts Farmers Market in a report on Wednesday, October 12th. They set a “buy” rating for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, December 20th. MKM Partners lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Friday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $34.00 to $38.00 in a research report on Wednesday, November 9th. Finally, Northcoast Research downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $31.57.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.

Further Reading

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

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