Savant Capital LLC Acquires New Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Savant Capital LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,910 shares of the company’s stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in Sprouts Farmers Market by 2,577.7% in the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the last quarter. Fiera Capital Corp purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $31,712,000. Wellington Management Group LLP purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $18,259,000. International Assets Investment Management LLC grew its position in shares of Sprouts Farmers Market by 3,347.7% during the 3rd quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after acquiring an additional 159,954 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares in the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent analyst reports. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Bank of America increased their price target on 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 lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $124.40.

Insiders Place Their Bets

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

Sprouts Farmers Market Stock Down 3.2 %

SFM stock opened at $171.50 on Wednesday. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 2.25 and a beta of 0.63. The company’s 50 day moving average price is $147.25 and its 200 day moving average price is $128.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $178.99.

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.