UBS Group AG Has $12.23 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

UBS Group AG cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Get Rating) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 377,860 shares of the company’s stock after selling 24,467 shares during the quarter. UBS Group AG’s holdings in Sprouts Farmers Market were worth $12,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SFM. PGGM Investments bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $62,932,000. Wasatch Advisors Inc. bought a new stake in Sprouts Farmers Market in the 1st quarter valued at approximately $54,912,000. Royal London Asset Management Ltd. bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at approximately $16,683,000. Millennium Management LLC lifted its stake in Sprouts Farmers Market by 366.1% in the 2nd quarter. Millennium Management LLC now owns 731,309 shares of the company’s stock valued at $18,517,000 after acquiring an additional 574,423 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Sprouts Farmers Market by 643.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 570,725 shares of the company’s stock valued at $15,838,000 after acquiring an additional 493,980 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Roth Capital restated a “neutral” rating on shares of Sprouts Farmers Market in a research note on Friday, March 3rd. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $21.00 to $26.00 and gave the stock an “underperform” rating in a research note on Monday, March 6th. Evercore ISI upped their price objective on Sprouts Farmers Market from $29.00 to $30.00 in a research note on Tuesday, May 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Sprouts Farmers Market from $40.00 to $45.00 in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $25.00 to $32.00 in a research note on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.75.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 66,709 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $32.85, for a total value of $2,191,390.65. Following the transaction, the chief executive officer now directly owns 290,928 shares of the company’s stock, valued at approximately $9,556,984.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Lawrence Molloy sold 52,447 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $36.70, for a total transaction of $1,924,804.90. Following the sale, the chief financial officer now directly owns 188,444 shares of the company’s stock, valued at approximately $6,915,894.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 66,709 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $32.85, for a total value of $2,191,390.65. Following the sale, the chief executive officer now directly owns 290,928 shares in the company, valued at $9,556,984.80. The disclosure for this sale can be found here. Insiders have sold a total of 280,782 shares of company stock valued at $9,677,615 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Up 1.6 %

SFM stock opened at $36.78 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.79 billion, a PE ratio of 15.79, a PEG ratio of 1.47 and a beta of 0.39. Sprouts Farmers Market, Inc. has a 1-year low of $22.76 and a 1-year high of $39.99. The business’s 50 day simple moving average is $34.58 and its 200 day simple moving average is $33.22.

Sprouts Farmers Market (NASDAQ:SFM – Get Rating) last posted its earnings results on Monday, May 1st. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Sprouts Farmers Market had a return on equity of 26.55% and a net margin of 3.83%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 2.68 EPS for the current year.

Sprouts Farmers Market Profile

(Get Rating)

Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.