Allianz Asset Management GmbH Has $80.81 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Allianz Asset Management GmbH lessened its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.5% in the fourth quarter, HoldingsChannel reports. The firm owned 635,955 shares of the company’s stock after selling 107,612 shares during the period. Allianz Asset Management GmbH’s holdings in Sprouts Farmers Market were worth $80,811,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC raised its stake 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. Global Retirement Partners LLC lifted its holdings in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in 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.

Wall Street Analyst Weigh In

SFM has been the topic of a number of research analyst reports. Evercore ISI raised their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Roth Mkm raised their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $152.40.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $143.32 on Friday. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 2.39 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 12 month low of $52.57 and a 12 month high of $178.99. The firm has a fifty day simple moving average of $148.11 and a 200 day simple moving average of $129.61. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares in the company, valued at approximately $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 ninety days, insiders sold 42,614 shares of company stock valued at $6,323,731. 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.