1,100 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds also recently made changes to their positions in SFM. Nordea Investment Management AB grew its stake 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. Point72 Asset Management L.P. boosted its holdings in shares of Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after acquiring an additional 1,237,610 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Sprouts Farmers Market by 36.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after purchasing an additional 398,901 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Sprouts Farmers Market by 1.2% during the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock worth $71,075,000 after purchasing an additional 17,565 shares during the period. Finally, Invesco Ltd. lifted its holdings in Sprouts Farmers Market by 6.6% during the 3rd quarter. Invesco Ltd. now owns 1,436,821 shares of the company’s stock worth $61,496,000 after purchasing an additional 88,997 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 31,846 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total value of $1,978,591.98. Following the sale, the chief operating officer now directly owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jack Sinclair sold 31,710 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $63.03, for a total value of $1,998,681.30. Following the completion of the transaction, the chief executive officer now owns 274,981 shares in the company, valued at approximately $17,332,052.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Nicholas Konat sold 31,846 shares of Sprouts Farmers Market stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the transaction, the chief operating officer now owns 82,495 shares in the company, valued at approximately $5,125,414.35. The disclosure for this sale can be found here. Insiders have sold 160,852 shares of company stock valued at $10,032,745 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $0.52 during midday trading on Monday, hitting $67.50. The stock had a trading volume of 2,411,509 shares, compared to its average volume of 1,311,384. The company’s 50-day moving average price is $62.51 and its 200-day moving average price is $52.11. Sprouts Farmers Market, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $68.03. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $6.83 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SFM. Evercore ISI lowered their price objective on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price target for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $51.14.

Sprouts Farmers Market 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.