Sprouts Farmers Market Inc (SFM) Shares Bought by Riverhead Capital Management LLC

Riverhead Capital Management LLC grew its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 43.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,195 shares of the company’s stock after buying an additional 37,960 shares during the quarter. Riverhead Capital Management LLC owned 0.10% of Sprouts Farmers Market worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in shares of Sprouts Farmers Market by 13.0% in the 3rd quarter. Hsbc Holdings PLC now owns 23,170 shares of the company’s stock worth $635,000 after purchasing an additional 2,660 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Sprouts Farmers Market by 3.7% in the 3rd quarter. Prudential Financial Inc. now owns 79,150 shares of the company’s stock worth $2,170,000 after purchasing an additional 2,840 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 2.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 105,201 shares of the company’s stock worth $2,322,000 after purchasing an additional 2,847 shares in the last quarter. Global X Management Co LLC increased its stake in shares of Sprouts Farmers Market by 64.3% in the 2nd quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in shares of Sprouts Farmers Market by 2.7% in the 2nd quarter. Vident Investment Advisory LLC now owns 133,844 shares of the company’s stock worth $2,954,000 after purchasing an additional 3,567 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. Zacks Investment Research restated a “hold” rating on shares of Sprouts Farmers Market in a research note on Thursday, November 15th. ValuEngine lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Credit Suisse Group set a $26.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Wednesday. Loop Capital set a $29.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Friday, November 30th. Finally, BidaskClub upgraded Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $27.42.

Shares of SFM stock opened at $24.45 on Friday. Sprouts Farmers Market Inc has a 52-week low of $20.63 and a 52-week high of $29.67. The company has a quick ratio of 0.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.63 and a beta of 0.79.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $0.23 EPS. Sprouts Farmers Market’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Sprouts Farmers Market Inc will post 1.28 EPS for the current year.

In other news, Director Shon A. Boney acquired 88,500 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was purchased at an average price of $22.83 per share, for a total transaction of $2,020,455.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amin N. Maredia sold 165,213 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $27.52, for a total value of $4,546,661.76. Following the transaction, the chief executive officer now owns 257,998 shares of the company’s stock, valued at approximately $7,100,104.96. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 105,500 shares of company stock valued at $2,415,475 and have sold 239,475 shares valued at $6,618,053. Company insiders own 1.80% of the company’s stock.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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