Hsbc Holdings PLC Raises Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hsbc Holdings PLC increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,366 shares of the company’s stock after buying an additional 6,551 shares during the period. Hsbc Holdings PLC owned 0.06% of Sprouts Farmers Market worth $4,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its position in Sprouts Farmers Market by 411.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares in the last quarter. Renaissance Technologies LLC raised its position in Sprouts Farmers Market by 15.4% during the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Sprouts Farmers Market during the fourth quarter valued at about $23,992,000. Goldman Sachs Group Inc. raised its position in Sprouts Farmers Market by 36.9% during 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 in the last quarter. Finally, Nordea Investment Management AB raised its position in Sprouts Farmers Market by 9.8% during the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock valued at $216,419,000 after purchasing an additional 297,067 shares in the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction that occurred 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 transaction, 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, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction that occurred on 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 owns 10,895 shares of the company’s stock, valued at $1,089,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,221 shares of company stock valued at $12,130,609. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SFM shares. UBS Group raised their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Evercore ISI raised Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $96.00 to $120.00 in a research note on Monday, September 16th. Bank of America raised their price objective on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.80.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $108.68 on Wednesday. The stock’s 50 day simple moving average is $97.23 and its two-hundred day simple moving average is $81.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 3.03 and a beta of 0.56. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $109.17.

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

Sprouts Farmers Market Company 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.