22,138 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 22,138 shares of the company’s stock, valued at approximately $2,845,000.

Other hedge funds also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC raised its holdings in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the period.

Insider Activity

In related news, CEO Jack Sinclair sold 2,915 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the transaction, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock worth $6,323,731 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $152.40.

Sprouts Farmers Market Stock Down 15.6 %

SFM opened at $143.32 on Monday. The company has a fifty day moving average price of $148.11 and a 200-day moving average price of $130.10. The firm has a market capitalization of $14.13 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $52.57 and a one year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.