Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 664,923 shares of the company’s stock after acquiring an additional 75,312 shares during the period. Nuveen Asset Management LLC owned 0.66% of Sprouts Farmers Market worth $84,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC increased its position in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the period. GeoWealth Management LLC increased its position in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC increased its position in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth approximately $51,000.

Sprouts Farmers Market Trading Up 4.6%

Shares of SFM stock opened at $168.68 on Friday. The business’s 50 day moving average is $155.69 and its two-hundred day moving average is $149.67. Sprouts Farmers Market, Inc. has a twelve month low of $74.15 and a twelve month high of $178.99. The company has a market capitalization of $16.51 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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

Insider Activity at Sprouts Farmers Market

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 value of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at $26,034,081.58. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction that occurred 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 owns 9,830 shares in the company, valued at approximately $1,326,755.10. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,362 shares of company stock worth $18,263,687 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on SFM shares. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Jefferies Financial Group lifted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price target on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Finally, Roth Mkm lifted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $167.79.

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.