Narus Financial Partners LLC Invests $231,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Narus Financial Partners LLC acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,577 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFM. Nordea Investment Management AB raised its stake in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after acquiring an additional 2,614,241 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $71,135,000 after purchasing an additional 398,901 shares during the period. Boston Trust Walden Corp lifted its stake in Sprouts Farmers Market by 1.2% in the fourth quarter. Boston Trust Walden Corp now owns 1,477,341 shares of the company’s stock valued at $71,075,000 after buying an additional 17,565 shares during the period. Finally, Assetmark Inc. boosted its holdings in Sprouts Farmers Market by 1.3% during the fourth quarter. Assetmark Inc. now owns 1,055,002 shares of the company’s stock worth $50,756,000 after buying an additional 13,184 shares during the last quarter.

Insiders Place Their Bets

In related news, SVP Kim Coffin sold 1,322 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.05, for a total transaction of $99,216.10. Following the completion of the transaction, the senior vice president now owns 5,500 shares in the company, valued at $412,775. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Jack Sinclair sold 5,718 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the sale, the chief executive officer now owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $75.05, for a total transaction of $99,216.10. Following the transaction, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,433 shares of company stock valued at $4,522,865. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. UBS Group upped their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.25.

Sprouts Farmers Market Trading Down 0.0 %

NASDAQ:SFM traded down $0.03 on Tuesday, reaching $83.54. 396,563 shares of the stock traded hands, compared to its average volume of 1,333,533. The company has a current ratio of 1.19, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Sprouts Farmers Market, Inc. has a 1-year low of $36.16 and a 1-year high of $84.46. The company’s 50 day moving average is $76.39 and its 200-day moving average is $63.24. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current fiscal year.

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.