Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 32.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,165 shares of the company’s stock after purchasing an additional 24,364 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Sprouts Farmers Market were worth $12,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the fourth quarter valued at approximately $31,000. GeoWealth Management LLC lifted its position in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC boosted its stake in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $51,000.

Insider Activity

In other Sprouts Farmers Market news, Director Joe Fortunato sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $166.74, for a total value of $333,480.00. Following the transaction, the director now owns 28,164 shares in the company, valued at $4,696,065.36. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the sale, the insider now directly owns 9,830 shares of the company’s stock, valued at $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 104,141 shares of company stock worth $14,851,836 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and raised their target price for the company from $163.00 to $190.00 in a research note on Monday, March 17th. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.79.

Sprouts Farmers Market Trading Down 5.5 %

NASDAQ:SFM opened at $158.41 on Friday. The stock has a market cap of $15.50 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a fifty-two week low of $73.97 and a fifty-two week high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock’s 50-day moving average is $153.04 and its two-hundred day moving average is $147.73.

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

About Sprouts Farmers Market

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.