Reyes Financial Architecture Inc. Makes New Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Reyes Financial Architecture Inc. acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,094 shares of the company’s stock, valued at approximately $167,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Sprouts Farmers Market by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after buying an additional 56,652 shares during the period. Renaissance Technologies LLC raised its stake in Sprouts Farmers Market by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company’s stock worth $567,322,000 after acquiring an additional 24,000 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company’s stock valued at $234,231,000 after acquiring an additional 168,605 shares during the period. Invesco Ltd. boosted its stake in shares of Sprouts Farmers Market by 22.9% in the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company’s stock valued at $201,139,000 after purchasing an additional 294,553 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Sprouts Farmers Market by 1,033.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,476,351 shares of the company’s stock valued at $225,350,000 after purchasing an additional 1,346,097 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SFM. Wells Fargo & Company increased their target price on shares of 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. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada boosted their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a report on Thursday, May 1st. Finally, Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the company a “neutral” rating in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $167.79.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Terri F. Graham sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the transaction, the director owned 32,910 shares in the company, valued at approximately $5,923,800. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 1,000 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $167.16, for a total value of $167,160.00. Following the transaction, the director owned 8,598 shares of the company’s stock, valued at $1,437,241.68. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,035 shares of company stock valued at $12,213,719 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $159.70 on Friday. The company has a market cap of $15.63 billion, a PE ratio of 35.89, a PEG ratio of 1.99 and a beta of 0.77. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $81.41 and a 1 year high of $182.00. The company’s 50-day moving average is $164.31 and its two-hundred day moving average is $155.60.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. Sprouts Farmers Market’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market Company 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.