Mirae Asset Global Investments Co. Ltd. Invests $31,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 245 shares of the company’s stock, valued at approximately $31,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after purchasing an additional 156,175 shares during the period. World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at $13,348,000. SpiderRock Advisors LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at $3,252,000. Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during the period. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at $1,517,000.

Insider Transactions at Sprouts Farmers Market

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

Analysts Set New Price Targets

Several research firms recently issued reports on SFM. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $124.40.

Sprouts Farmers Market Trading Up 0.4 %

NASDAQ SFM opened at $177.12 on Friday. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 2.25 and a beta of 0.63. Sprouts Farmers Market, Inc. has a one year low of $52.04 and a one year high of $178.46. 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 business’s fifty day moving average is $146.10 and its 200-day moving average is $127.41.

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.