First Citizens Bank & Trust Co. invests $267,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

First Citizens Bank & Trust Co. acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,195 shares of the company’s stock, valued at approximately $267,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Sprouts Farmers Market by 0.3% in the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after buying an additional 29,362 shares in the last quarter. Nordea Investment Management AB raised its stake in Sprouts Farmers Market by 9.8% in the first quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares in the last quarter. Point72 Asset Management LP boosted its holdings in shares of Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management LP now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Sprouts Farmers Market by 36.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Sprouts Farmers Market by 1.3% during the 4th quarter. Assetmark Inc. now owns 1,055,002 shares of the company’s stock valued at $50,756,000 after acquiring an additional 13,184 shares in the last quarter.

Indoor activity

In related news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares in the company, valued at $19,785,102.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. In related news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, CEO Jack Sinclair sold 5,718 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold a total of 107,096 shares of company stock worth $10,358,446. 1.10% of shares are currently owned by corporate insiders.

Sprouts Farmers Market Trading Up 0.4%

Shares of SFM traded up $0.42 during mid-day trading on Wednesday, hitting $98.58. 13,839 shares of the company traded hands, compared to its average volume of 1,352,395. The company has a quick ratio of 0.44, a current ratio of 1.03, and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.91 billion, a P/E ratio of 33.85, a PEG ratio of 2.72 and a beta of 0.55. The company’s 50-day moving average price is $86.45 and its 200-day moving average price is $73.30. Sprouts Farmers Market, Inc. has a 1 year low of $37.88 and a 1 year high of $103.80.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report ) last announced its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. In the same quarter last year, the company earned $0.71 per share. The company’s revenue for the quarter was up 12.3% year-over-year. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Analysts on Wall Street are forecasting an increase

A number of equities analysts recently commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Oppenheimer reiterated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Roth Mkm upped their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Bank of America upped their target price on Sprouts Farmers Market from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.38, according to MarketBeat.

Check out the latest stock analysis on SFM

About Sprouts Farmers Market

(Free Report)

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retail sale of fresh, natural and organic food products under the Sprouts brand in the United States. 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.

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