Dimensional Fund Advisors LP lessened its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,906,904 shares of the company’s stock after selling 45,746 shares during the period. Dimensional Fund Advisors LP’s holdings in Sprouts Farmers Market were worth $147,083,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. TD Private Client Wealth LLC raised its stake in Sprouts Farmers Market by 1,309.1% during the fourth quarter. TD Private Client Wealth LLC now owns 310 shares of the company’s stock valued at $25,000 after buying an additional 288 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Sprouts Farmers Market in the first quarter worth $25,000. Sound Income Strategies LLC purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $27,000. Finally, Clearstead Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 72.7% during the fourth quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares in the last quarter.
Sprouts Farmers Market Price Performance
NASDAQ SFM opened at $74.89 on Monday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.98 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $165.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. The business’s fifty day moving average price is $82.42 and its 200-day moving average price is $77.92.
Insiders Place Their Bets
In other news, insider Brandon F. Lombardi sold 406 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $82.04, for a total value of $33,308.24. Following the transaction, the insider owned 6,801 shares in the company, valued at $557,954.04. This represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 10,790 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $82.04, for a total transaction of $885,211.60. Following the completion of the transaction, the chief executive officer directly owned 269,980 shares in the company, valued at approximately $22,149,159.20. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 45,310 shares of company stock valued at $3,873,881. Insiders own 1.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on SFM shares. Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Wednesday, June 24th. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. Melius Research downgraded Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price on the stock. in a research note on Monday, April 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $114.00 price target on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $96.62.
Check Out Our Latest Research Report on SFM
Sprouts Farmers Market 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.
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