Park Place Capital Corp Increases Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Park Place Capital Corp boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3,607.7% in the 4th quarter, Holdings Channel reports. The fund owned 482 shares of the company’s stock after purchasing an additional 469 shares during the period. Park Place Capital Corp’s holdings in Sprouts Farmers Market were worth $61,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SFM. JPMorgan Chase & Co. boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd 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 during the last quarter. World Investment Advisors LLC purchased a new stake in Sprouts Farmers Market during the third quarter valued at about $13,348,000. SpiderRock Advisors LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth about $3,252,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Sprouts Farmers Market by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $1,517,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $146.25 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $48.98 and a 12-month high of $155.64. The company has a market cap of $14.62 billion, a PE ratio of 42.27, a P/E/G ratio of 1.94 and a beta of 0.63. The stock has a 50 day simple moving average of $141.42 and a 200-day simple moving average of $118.10. 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 announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 return on equity of 28.24% and a net margin of 4.73%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now owns 199,576 shares in the company, valued at $26,463,777.60. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock worth $8,778,152 over the last ninety days. 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.