DekaBank Deutsche Girozentrale Reduces Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

DekaBank Deutsche Girozentrale decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,219 shares of the company’s stock after selling 6,414 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.17% of Sprouts Farmers Market worth $13,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its holdings in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after acquiring an additional 1,237,610 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at $23,992,000. Goldman Sachs Group Inc. boosted its holdings in Sprouts Farmers Market by 36.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after purchasing an additional 398,901 shares during the last quarter. Nordea Investment Management AB grew its position in Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after purchasing an additional 297,067 shares during the period. Finally, Invenomic Capital Management LP purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $13,840,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at $20,452,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the sale, the chief executive officer now directly owns 245,288 shares in the company, valued at $20,452,113.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy W. Hilgendorf sold 1,904 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the transaction, the vice president now owns 10,237 shares in the company, valued at approximately $1,035,165.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,939 shares of company stock worth $12,571,295. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SFM shares. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, Bank of America upped their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $96.56.

Sprouts Farmers Market Stock Up 0.4 %

SFM stock opened at $102.10 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $39.50 and a 52 week high of $104.41. 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 firm has a 50-day simple moving average of $93.85 and a 200-day simple moving average of $79.22. The stock has a market capitalization of $10.22 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.89 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 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.