Riverhead Capital Management LLC boosted its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 43.5% in the 3rd quarter, Holdings Channel reports. The firm owned 125,195 shares of the company’s stock after buying an additional 37,960 shares during the quarter. Riverhead Capital Management LLC’s holdings in Sprouts Farmers Market were worth $3,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SFM. Itau Unibanco Holding S.A. bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $102,000. NumerixS Investment Technologies Inc raised its stake in shares of Sprouts Farmers Market by 407.1% during the second quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock valued at $159,000 after acquiring an additional 5,700 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $194,000. Global X Management Co LLC raised its stake in shares of Sprouts Farmers Market by 64.3% during the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock valued at $197,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $201,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Shares of SFM stock opened at $24.45 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 1.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market Inc has a 52-week low of $20.63 and a 52-week high of $29.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Sprouts Farmers Market had a net margin of 3.65% and a return on equity of 25.85%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Sprouts Farmers Market Inc will post 1.28 earnings per share for the current fiscal year.

In other news, Director Steven H. Townsend purchased 2,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average cost of $24.31 per share, with a total value of $48,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Dan J. Sanders sold 19,929 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.91, for a total transaction of $576,147.39. Following the completion of the transaction, the chief operating officer now directly owns 610,846 shares in the company, valued at $17,659,557.86. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 105,500 shares of company stock worth $2,415,475 and sold 239,475 shares worth $6,618,053. 1.80% of the stock is currently owned by insiders.

Several research firms have recently weighed in on SFM. William Blair reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a research note on Tuesday, August 14th. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday, September 10th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, October 8th. BidaskClub raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Finally, ValuEngine raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $27.42.

TRADEMARK VIOLATION NOTICE: “Riverhead Capital Management LLC Has $3.43 Million Holdings in Sprouts Farmers Market Inc (SFM)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/riverhead-capital-management-llc-has-3-43-million-holdings-in-sprouts-farmers-market-inc-sfm/2669910.html.

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, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

Read More: How to calculate the annual rate of depreciation

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market Inc (NASDAQ:SFM).

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.