1,920 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,920 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $31,000. Avior Wealth Management LLC boosted its stake in 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 grew its position in Sprouts Farmers Market by 84.1% during 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 in the last quarter. First Horizon Advisors Inc. raised its stake in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at $51,000.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Evercore ISI dropped their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Jefferies Financial Group upped their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $162.92.

Insider Transactions at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 229 shares of Sprouts Farmers Market stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.43, for a total value of $31,929.47. Following the transaction, the vice president now directly owns 10,226 shares in the company, valued at approximately $1,425,811.18. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the sale, the chief executive officer now owns 189,449 shares of the company’s stock, valued at approximately $26,034,081.58. The trade was a 20.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,501 shares of company stock worth $11,616,851. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Trading Up 1.9 %

Sprouts Farmers Market stock opened at $142.39 on Monday. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The company’s fifty day moving average price is $150.88 and its two-hundred day moving average price is $136.02. 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 company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, 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.