Sfmg LLC Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sfmg LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,120 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $25,000. Crewe Advisors LLC boosted its stake in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $38,000. Finally, Quarry LP lifted its stake in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Evercore ISI increased their price objective 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. Finally, Royal Bank of Canada began coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.40.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $112.41, for a total transaction of $642,310.74. Following the completion of the transaction, the chief executive officer now owns 211,004 shares in the company, valued at $23,718,959.64. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 921 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the transaction, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,155 shares of company stock valued at $3,742,274 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM opened at $148.91 on Thursday. The stock’s 50-day moving average price is $133.64 and its 200 day moving average price is $106.03. Sprouts Farmers Market, Inc. has a 12-month low of $46.74 and a 12-month high of $155.64. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 2.28 and a beta of 0.58. 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 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. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

About Sprouts Farmers Market

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.