Wrapmanager Inc. lifted its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 60.8% during the 1st quarter, Holdings Channel reports. The firm owned 19,209 shares of the company’s stock after buying an additional 7,261 shares during the quarter. Wrapmanager Inc.’s holdings in Sprouts Farmers Market were worth $414,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. Daiwa SB Investments Ltd. raised its position in Sprouts Farmers Market by 48.5% in the fourth quarter. Daiwa SB Investments Ltd. now owns 281,794 shares of the company’s stock valued at $6,625,000 after purchasing an additional 91,973 shares during the period. Meeder Asset Management Inc. raised its position in Sprouts Farmers Market by 1,129.9% in the fourth quarter. Meeder Asset Management Inc. now owns 11,020 shares of the company’s stock valued at $259,000 after purchasing an additional 10,124 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $306,000. Bank of Montreal Can raised its position in Sprouts Farmers Market by 42.6% in the fourth quarter. Bank of Montreal Can now owns 382,800 shares of the company’s stock valued at $9,000,000 after purchasing an additional 114,352 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $37,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.
Sprouts Farmers Market stock opened at $21.49 on Wednesday. Sprouts Farmers Market Inc has a twelve month low of $20.58 and a twelve month high of $29.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.20 and a current ratio of 0.88. The firm has a market cap of $2.56 billion, a PE ratio of 16.66, a P/E/G ratio of 1.82 and a beta of 0.48.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $413.90 million for the quarter, compared to analyst estimates of $1.41 billion. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The company’s revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Analysts predict that Sprouts Farmers Market Inc will post 1.22 EPS for the current year.
A number of analysts have issued reports on the company. Wolfe Research lowered Sprouts Farmers Market to a “market perform” rating in a research report on Wednesday, March 27th. Deutsche Bank raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. BidaskClub lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Oppenheimer cut their target price on Sprouts Farmers Market from $31.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Sprouts Farmers Market has an average rating of “Hold” and an average price target of $26.10.
In related news, insider Theodore Edward Frumkin II sold 3,106 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.95, for a total transaction of $71,282.70. Following the completion of the transaction, the insider now owns 31,826 shares in the company, valued at $730,406.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Leroy Nielsen sold 17,267 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.94, for a total transaction of $396,104.98. Following the transaction, the chief executive officer now owns 130,750 shares of the company’s stock, valued at approximately $2,999,405. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,394 shares of company stock valued at $1,020,298. Insiders own 0.70% 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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.
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