Bank of New Hampshire Buys 390 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bank of New Hampshire increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 300.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 520 shares of the company’s stock after acquiring an additional 390 shares during the quarter. Bank of New Hampshire’s holdings in Sprouts Farmers Market were worth $66,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $231,000. GAMMA Investing LLC increased its position in Sprouts Farmers Market by 14.0% in the fourth quarter. GAMMA Investing LLC now owns 1,954 shares of the company’s stock worth $248,000 after purchasing an additional 240 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $149,020,000 after purchasing an additional 156,175 shares in the last quarter. DGS Capital Management LLC raised its stake in Sprouts Farmers Market by 18.4% during the third quarter. DGS Capital Management LLC now owns 4,827 shares of the company’s stock valued at $533,000 after purchasing an additional 749 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Sprouts Farmers Market by 25.8% during the third quarter. Franklin Resources Inc. now owns 464,366 shares of the company’s stock valued at $53,551,000 after purchasing an additional 95,144 shares during the last quarter.

Sprouts Farmers Market Stock Down 1.3 %

NASDAQ:SFM opened at $138.94 on Wednesday. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 2.23 and a beta of 0.63. Sprouts Farmers Market, Inc. has a twelve month low of $48.60 and a twelve month high of $155.64. 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 stock has a fifty day simple moving average of $140.67 and a 200-day simple moving average of $113.85.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Evercore ISI upped their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $118.40.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the sale, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at $26,463,777.60. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,855 shares of company stock valued at $8,475,575 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.