Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Boosted by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,599 shares of the company’s stock after acquiring an additional 3,830 shares during the period. Level Four Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of Sprouts Farmers Market by 2.9% during the third quarter. Renaissance Technologies LLC now owns 5,894,120 shares of the company’s stock valued at $136,567,000 after buying an additional 166,200 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sprouts Farmers Market by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,967,391 shares of the company’s stock valued at $68,758,000 after buying an additional 127,264 shares during the last quarter. Morgan Stanley raised its holdings in shares of Sprouts Farmers Market by 10.0% during the third quarter. Morgan Stanley now owns 2,806,877 shares of the company’s stock valued at $65,035,000 after buying an additional 255,671 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Sprouts Farmers Market by 3.8% during the fourth quarter. Brown Advisory Inc. now owns 1,802,689 shares of the company’s stock valued at $53,503,000 after buying an additional 66,096 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Sprouts Farmers Market by 18.4% during the first quarter. FMR LLC now owns 1,549,395 shares of the company’s stock valued at $33,375,000 after buying an additional 240,447 shares during the last quarter.

A number of research analysts recently commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. lifted their price target on shares of Sprouts Farmers Market from $26.00 to $31.00 in a research report on Friday, February 25th. Gordon Haskett lifted their price target on shares of Sprouts Farmers Market from $22.00 to $25.00 in a research report on Monday, March 7th. Credit Suisse Group lifted their price target on shares of Sprouts Farmers Market from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 28th. Finally, Bank of America lowered shares of Sprouts Farmers Market from a “buy” rating to an “underperform” rating and decreased their target price for the company from $40.00 to $25.00 in a research note on Thursday, May 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $27.33.

In related news, insider David Mcglinchey sold 13,027 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $31.39, for a total value of $408,917.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dan J. Sanders sold 5,412 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $32.68, for a total transaction of $176,864.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,310 shares of company stock worth $3,475,206. Insiders own 0.71% of the company’s stock.

Sprouts Farmers Market stock opened at $23.51 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 1.53 and a beta of 0.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.70. Sprouts Farmers Market, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $35.34. The firm has a fifty day moving average price of $30.08 and a two-hundred day moving average price of $28.83.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.05% and a return on equity of 25.65%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 2.16 earnings per share for the current year.

Sprouts Farmers Market Profile (Get Rating)

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.

See Also

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

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