Point72 Asset Management L.P. Has $22.36 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Asset Management L.P. lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 56.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,987 shares of the company’s stock after purchasing an additional 63,210 shares during the period. Point72 Asset Management L.P.’s holdings in Sprouts Farmers Market were worth $22,363,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in Sprouts Farmers Market by 55.0% during the 4th quarter. HighTower Advisors LLC now owns 20,722 shares of the company’s stock worth $2,633,000 after buying an additional 7,355 shares during the period. Unified Investment Management bought a new position in shares of Sprouts Farmers Market during the fourth quarter worth about $1,161,000. Wells Fargo & Company MN lifted its stake in shares of Sprouts Farmers Market by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 181,364 shares of the company’s stock worth $23,046,000 after acquiring an additional 37,637 shares during the period. Andrew Hill Investment Advisors Inc. boosted its holdings in Sprouts Farmers Market by 145.8% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company’s stock valued at $2,585,000 after acquiring an additional 12,067 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Sprouts Farmers Market by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock valued at $1,347,554,000 after purchasing an additional 56,652 shares during the period.

Insider Activity

In related news, CEO Jack Sinclair sold 49,898 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the transaction, the chief executive officer now owns 189,449 shares of the company’s stock, valued at $26,034,081.58. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares of the company’s stock, valued at $1,326,755.10. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,362 shares of company stock worth $18,263,687 over the last three months. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SFM has been the topic of a number of recent analyst reports. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price objective for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, Bank of America raised their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.79.

Sprouts Farmers Market Trading Up 4.6%

Shares of Sprouts Farmers Market stock opened at $168.68 on Friday. The stock has a market capitalization of $16.51 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52 week low of $74.15 and a 52 week high of $178.99. The stock has a 50 day moving average price of $155.69 and a two-hundred day moving average price of $149.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Sprouts Farmers Market’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 EPS. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.