Union Bancaire Privee UBP SA Invests $2.85 Million in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Union Bancaire Privee UBP SA purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,138 shares of the company’s stock, valued at approximately $2,845,000.

Several other hedge funds have also added to or reduced their stakes in the business. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the third quarter worth approximately $25,000. Avior Wealth Management LLC increased its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after buying an additional 130 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $38,000. First Horizon Advisors Inc. boosted its position in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during the period. Finally, Quarry LP grew its stake in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on SFM. Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI increased their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price target 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $118.40.

Sprouts Farmers Market Trading Up 2.3 %

Shares of Sprouts Farmers Market stock opened at $150.15 on Tuesday. The firm has a market capitalization of $15.01 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $141.78 and its 200 day moving average is $119.75. Sprouts Farmers Market, Inc. has a 1 year low of $49.74 and a 1 year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,869 shares of company stock worth $8,778,152. Insiders own 1.10% of the company’s stock.

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.