Allianz Asset Management GmbH lifted its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 43.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,366 shares of the company’s stock after acquiring an additional 46,270 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Sprouts Farmers Market worth $3,710,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. grew its position in Sprouts Farmers Market by 60.2% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock worth $84,183,000 after buying an additional 1,299,240 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Sprouts Farmers Market by 193.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,210,134 shares of the company’s stock worth $29,467,000 after buying an additional 797,935 shares during the period. Smith Asset Management Group LP acquired a new position in Sprouts Farmers Market during the fourth quarter worth about $18,929,000. Dimensional Fund Advisors LP grew its position in Sprouts Farmers Market by 49.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after buying an additional 665,598 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Sprouts Farmers Market by 341.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 818,180 shares of the company’s stock worth $19,922,000 after buying an additional 632,651 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.
Shares of Sprouts Farmers Market stock opened at $24.48 on Monday. Sprouts Farmers Market Inc has a fifty-two week low of $17.55 and a fifty-two week high of $28.29. The stock has a market cap of $3,263.45, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.00 and a quick ratio of 0.23.
Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. equities research analysts expect that Sprouts Farmers Market Inc will post 1.27 EPS for the current fiscal year.
Sprouts Farmers Market declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 22nd that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Several research analysts have weighed in on the stock. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Thursday, January 11th. Oppenheimer upped their target price on shares of Sprouts Farmers Market from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Friday, February 2nd. Gordon Haskett raised shares of Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Sprouts Farmers Market presently has a consensus rating of “Buy” and an average price target of $26.95.
In related news, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 142,454 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the transaction, the chief executive officer now directly owns 388,311 shares in the company, valued at approximately $9,874,748.73. The disclosure for this sale can be found here. Insiders have sold 1,687,729 shares of company stock worth $43,925,046 in the last three months. Insiders own 2.60% of the company’s stock.
WARNING: “Sprouts Farmers Market Inc (SFM) Stake Lifted by Allianz Asset Management GmbH” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/03/19/sprouts-farmers-market-inc-sfm-stake-lifted-by-allianz-asset-management-gmbh.html.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market Inc (NASDAQ:SFM).
Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.