Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 66,238 shares of the company’s stock after buying an additional 1,726 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Sprouts Farmers Market were worth $8,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $31,000. GeoWealth Management LLC lifted its holdings in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $51,000.

Sprouts Farmers Market Stock Up 4.6%

SFM stock opened at $168.68 on Friday. The firm’s 50-day moving average is $155.69 and its two-hundred day moving average is $149.67. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 52 week low of $74.15 and a 52 week high of $178.99. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now directly owns 28,571 shares in the company, valued at $4,137,080.80. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Alisa Gmelich sold 445 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now owns 4,436 shares of the company’s stock, valued at $609,595.12. The trade was a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,362 shares of company stock worth $18,263,687. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SFM. Evercore ISI raised their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. UBS Group raised their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Finally, Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.79.

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.