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

Manchester Capital Management LLC raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,952 shares of the company’s stock after buying an additional 195 shares during the period. Manchester Capital Management LLC’s holdings in Sprouts Farmers Market were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Sprouts Farmers Market by 164.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 91,219 shares of the company’s stock worth $11,591,000 after buying an additional 56,670 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Sprouts Farmers Market by 56.7% during the 4th quarter. Wellington Management Group LLP now owns 259,108 shares of the company’s stock valued at $32,925,000 after acquiring an additional 93,734 shares during the last quarter. Prudential PLC bought a new stake in shares of Sprouts Farmers Market during the 4th quarter worth $5,623,000. Wells Fargo & Company MN boosted its stake in shares of Sprouts Farmers Market by 26.2% during the 4th 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 in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter worth $794,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $154.08 on Monday. The stock has a market capitalization of $15.06 billion, a P/E ratio of 31.70, a P/E/G ratio of 1.74 and a beta of 0.78. The business has a 50-day moving average of $163.73 and a two-hundred day moving average of $158.57. Sprouts Farmers Market, Inc. has a fifty-two week low of $91.36 and a fifty-two week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Terri F. Graham sold 1,278 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total value of $230,040.00. Following the transaction, the director directly owned 32,910 shares in the company, valued at approximately $5,923,800. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Timmi Zalatoris sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total transaction of $328,760.00. Following the sale, the insider owned 13,263 shares of the company’s stock, valued at $2,180,171.94. This trade represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,743 shares of company stock valued at $10,769,633 in the last three months. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SFM. Barclays raised Sprouts Farmers Market from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $173.00 to $185.00 in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note 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. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday. Finally, Evercore ISI increased their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

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.