International Assets Investment Management LLC Raises Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

International Assets Investment Management LLC lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3,347.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,732 shares of the company’s stock after acquiring an additional 159,954 shares during the quarter. International Assets Investment Management LLC owned 0.16% of Sprouts Farmers Market worth $18,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coston McIsaac & Partners purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $155,000. Private Advisor Group LLC increased its stake in Sprouts Farmers Market by 67.4% during the 3rd quarter. Private Advisor Group LLC now owns 7,667 shares of the company’s stock worth $847,000 after buying an additional 3,087 shares during the period. Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $60,000. Sequoia Financial Advisors LLC increased its stake in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after buying an additional 158 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Sprouts Farmers Market by 6.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 74,228 shares of the company’s stock valued at $8,196,000 after purchasing an additional 4,347 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $119.69 on Wednesday. The stock has a market cap of $11.98 billion, a PE ratio of 37.52, a PEG ratio of 2.75 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $108.49 and a two-hundred day simple moving average of $90.41. Sprouts Farmers Market, Inc. has a 12-month low of $39.76 and a 12-month high of $120.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SFM shares. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus price target of $104.40.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,142 shares of company stock worth $12,401,112 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.