Bfsg LLC raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 414.3% during the third quarter, Holdings Channel reports. The firm owned 53,940 shares of the company’s stock after buying an additional 43,451 shares during the period. Bfsg LLC’s holdings in Sprouts Farmers Market were worth $3,579,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Signet Financial Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at $2,938,000. Bank of America Corp DE bought a new stake in shares of Sprouts Farmers Market during the second quarter worth $93,790,000. Reinhart Partners LLC. raised its holdings in Sprouts Farmers Market by 33.1% during the 3rd quarter. Reinhart Partners LLC. now owns 82,839 shares of the company’s stock worth $5,496,000 after purchasing an additional 20,581 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Sprouts Farmers Market in the first quarter valued at approximately $3,738,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $131,310,000.
Insider Transactions at Sprouts Farmers Market
In related news, CEO Jack Sinclair sold 10,788 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $64.48, for a total value of $695,610.24. Following the sale, the chief executive officer owned 269,980 shares in the company, valued at $17,408,310.40. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph O’Leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the transaction, the director directly owned 14,710 shares in the company, valued at $1,214,604.70. This represents a 15.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,253 shares of company stock valued at $2,523,984 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
Sprouts Farmers Market Stock Up 3.6%
NASDAQ SFM opened at $54.40 on Thursday. The business has a fifty day moving average price of $67.86 and a two-hundred day moving average price of $75.88. The stock has a market capitalization of $5.02 billion, a PE ratio of 10.44, a PEG ratio of 1.37 and a beta of 0.76. Sprouts Farmers Market, Inc. has a fifty-two week low of $47.35 and a fifty-two week high of $94.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.39.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). Sprouts Farmers Market had a net margin of 5.45% and a return on equity of 33.83%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.95 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SFM. JPMorgan Chase & Co. reduced their price objective on shares of Sprouts Farmers Market from $90.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Evercore reissued an “outperform” rating and set a $95.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, September 1st. Barclays decreased their price objective on Sprouts Farmers Market from $100.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 target price on shares of Sprouts Farmers Market in a research report on Monday, October 26th. Finally, Zacks Research cut Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $64.77.
View Our Latest Report on Sprouts Farmers Market
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ:SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Its stores offer a broad selection of fresh produce, meat and seafood, dairy products, bulk foods, vitamins and supplements, pantry staples, bakery items, deli products and prepared foods. The company emphasizes products that support healthy eating, including organic, plant-based and specialty-diet options.
Founded in 2002, Sprouts Farmers Market grew from its first store in Chandler, Arizona, into a national grocery chain.
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