Landscape Capital Management L.L.C. Increases Stake in Sprouts Farmers Market Inc (SFM)
Landscape Capital Management L.L.C. grew its position in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) by 101.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 129,605 shares of the company’s stock after acquiring an additional 65,110 shares during the period. Landscape Capital Management L.L.C.’s holdings in Sprouts Farmers Market were worth $3,156,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SFM. Harvest Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $188,000. Sadoff Investment Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $223,000. Acadian Asset Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $224,000. State of Alaska Department of Revenue acquired a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $233,000. Finally, Suntrust Banks Inc. acquired a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $245,000. Institutional investors and hedge funds own 91.18% of the company’s stock.
Several research firms recently weighed in on SFM. Gordon Haskett upgraded Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 31st. Stephens set a $27.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Wednesday, January 17th. BMO Capital Markets boosted their target price on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Saturday, November 4th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Sprouts Farmers Market presently has an average rating of “Buy” and an average target price of $26.95.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sprouts Farmers Market had a return on equity of 21.81% and a net margin of 3.40%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. equities analysts anticipate that Sprouts Farmers Market Inc will post 1.27 earnings per share for the current year.
Sprouts Farmers Market announced that its board has initiated a share repurchase plan on Thursday, February 22nd that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other Sprouts Farmers Market news, CEO Amin N. Maredia sold 12,301 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $24.33, for a total value of $299,283.33. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Shon A. Boney sold 848,409 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.72, for a total value of $20,972,670.48. Following the completion of the transaction, the director now directly owns 478,965 shares in the company, valued at $11,840,014.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,647,268 shares of company stock worth $42,902,766. Company insiders own 2.60% of the company’s stock.
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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