Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sprouts Farmers Market (NASDAQ:SFM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,879 shares of the company’s stock, valued at approximately $216,000.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Sprouts Farmers Market by 1.5% in the 4th quarter. BlackRock Inc. now owns 10,656,767 shares of the company’s stock worth $259,493,000 after acquiring an additional 162,367 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Sprouts Farmers Market by 60.2% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock worth $84,183,000 after acquiring an additional 1,299,240 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sprouts Farmers Market by 49.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock worth $37,717,000 after acquiring an additional 665,598 shares in the last quarter. Millennium Management LLC grew its stake in shares of Sprouts Farmers Market by 103.3% in the 4th quarter. Millennium Management LLC now owns 1,439,420 shares of the company’s stock worth $35,050,000 after acquiring an additional 731,398 shares in the last quarter. Finally, Clearbridge LLC grew its stake in shares of Sprouts Farmers Market by 19.9% in the 4th quarter. Clearbridge LLC now owns 1,216,297 shares of the company’s stock worth $29,617,000 after acquiring an additional 201,900 shares in the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.
SFM has been the subject of several recent analyst reports. BidaskClub upgraded shares of Sprouts Farmers Market from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Susquehanna Bancshares set a $30.00 price target on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a report on Thursday, January 11th. Stephens set a $25.00 price target on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets set a $26.00 price target on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.05.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 291,227 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $28.01, for a total transaction of $8,157,268.27. Following the sale, the director now directly owns 7,272 shares of the company’s stock, valued at $203,688.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Amin N. Maredia sold 39,559 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $23.13, for a total transaction of $914,999.67. Following the sale, the chief executive officer now directly owns 332,759 shares in the company, valued at $7,696,715.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 858,021 shares of company stock worth $23,347,835. Insiders own 1.80% of the company’s stock.
NASDAQ SFM opened at $24.58 on Thursday. The stock has a market cap of $3,271.04, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.50 and a beta of 0.89. Sprouts Farmers Market has a 52 week low of $17.55 and a 52 week high of $28.29. The company has a current ratio of 1.00, a quick ratio of 0.23 and a debt-to-equity ratio of 0.73.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. analysts anticipate that Sprouts Farmers Market will post 1.27 earnings per share for the current fiscal year.
Sprouts Farmers Market announced that its board has approved a stock buyback plan on Thursday, February 22nd that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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