Norden Group LLC Purchases 4,052 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Norden Group LLC increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 197.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,100 shares of the company’s stock after purchasing an additional 4,052 shares during the quarter. Norden Group LLC’s holdings in Sprouts Farmers Market were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after purchasing an additional 56,161 shares during the period. JPMorgan Chase & Co. lifted 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 during the period. Congress Asset Management Co. raised its stake in Sprouts Farmers Market by 94.9% during the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock worth $165,034,000 after acquiring an additional 632,523 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after acquiring an additional 48,103 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after acquiring an additional 10,326 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on SFM shares. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Roth Mkm boosted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Jefferies Financial Group boosted their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Bank of America boosted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $154.00.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares in the company, valued at $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,264 shares of company stock worth $6,271,193 over the last ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $146.97 on Tuesday. The business’s 50 day simple moving average is $149.06 and its 200 day simple moving average is $131.87. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The stock has a market capitalization of $14.49 billion, a PE ratio of 39.09, a PEG ratio of 2.31 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current 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.