Nisa Investment Advisors LLC Has $403,000 Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Nisa Investment Advisors LLC boosted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,174 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Sprouts Farmers Market by 2,577.7% during the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after acquiring an additional 435,767 shares in the last quarter. Fiera Capital Corp acquired a new position in Sprouts Farmers Market in the 3rd quarter worth $31,712,000. Millennium Management LLC increased its holdings in Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $18,259,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Sprouts Farmers Market by 3,347.7% in the third quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after purchasing an additional 159,954 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on SFM shares. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America increased their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped 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. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $118.40.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $155.11 on Thursday. 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 market cap of $15.51 billion, a P/E ratio of 44.83, a PEG ratio of 1.93 and a beta of 0.63. The stock has a 50 day simple moving average of $142.20 and a 200 day simple moving average of $120.49. Sprouts Farmers Market, Inc. has a 1-year low of $49.81 and a 1-year high of $155.64.

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

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joe Fortunato sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,869 shares of company stock worth $8,778,152. 1.10% of the stock is currently owned by company insiders.

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.