Diversified Trust Co. acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,848 shares of the company’s stock, valued at approximately $1,024,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Sprouts Farmers Market in the second quarter worth $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Sprouts Farmers Market by 98.6% during the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 141 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sprouts Farmers Market during the third quarter valued at $33,000. Finally, FWL Investment Management LLC boosted its position in shares of Sprouts Farmers Market by 72.5% during the third quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock valued at $46,000 after buying an additional 179 shares during the last quarter.
Sprouts Farmers Market Stock Performance
Shares of SFM opened at $77.27 on Friday. The firm has a market capitalization of $7.31 billion, a P/E ratio of 14.58, a PEG ratio of 1.62 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.44. Sprouts Farmers Market, Inc. has a one year low of $64.75 and a one year high of $182.00. The business has a fifty day moving average of $73.55 and a 200 day moving average of $87.16.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on SFM shares. JPMorgan Chase & Co. reduced their price objective on Sprouts Farmers Market from $88.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Roth Mkm restated a “neutral” rating and set a $74.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 20th. Wells Fargo & Company dropped their price target on shares of Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Sprouts Farmers Market from $140.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.75.
Read Our Latest Analysis on SFM
Insider Buying and Selling at Sprouts Farmers Market
In other Sprouts Farmers Market news, SVP Kim Coffin sold 313 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $83.97, for a total value of $26,282.61. Following the transaction, the senior vice president directly owned 23,332 shares in the company, valued at approximately $1,959,188.04. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 426 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $78.52, for a total transaction of $33,449.52. Following the sale, the insider directly owned 13,045 shares of the company’s stock, valued at approximately $1,024,293.40. The trade was a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 129,750 shares of company stock valued at $10,566,838 in the last quarter. Insiders own 1.10% of the company’s stock.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
Further Reading
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