Penn Davis Mcfarland Inc. increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,830 shares of the company’s stock after purchasing an additional 51,516 shares during the period. Sprouts Farmers Market makes up 1.7% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 20th biggest position. Penn Davis Mcfarland Inc.’s holdings in Sprouts Farmers Market were worth $17,833,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Three Seasons Wealth LLC boosted its holdings in Sprouts Farmers Market by 96.8% in the fourth quarter. Three Seasons Wealth LLC now owns 6,537 shares of the company’s stock valued at $521,000 after purchasing an additional 3,216 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Sprouts Farmers Market by 848.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 33,300 shares of the company’s stock worth $2,685,000 after purchasing an additional 29,788 shares during the period. Brookstone Capital Management purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $210,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $2,445,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Sprouts Farmers Market by 48.1% in the 4th quarter. Retirement Systems of Alabama now owns 304,396 shares of the company’s stock valued at $24,251,000 after buying an additional 98,831 shares during the period.
Sprouts Farmers Market Stock Performance
SFM opened at $75.86 on Thursday. The firm’s fifty day simple moving average is $73.68 and its two-hundred day simple moving average is $85.14. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $182.00. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.66 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 0.06.
Wall Street Analyst Weigh In
SFM has been the topic of a number of recent research reports. Roth Mkm restated a “neutral” rating and issued a $74.00 target price on shares of Sprouts Farmers Market in a research note on Friday, February 20th. JPMorgan Chase & Co. decreased their price target on Sprouts Farmers Market from $88.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Bank of America lowered their price objective on Sprouts Farmers Market from $104.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Zacks Research raised shares of Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Barclays cut their target price on shares of Sprouts Farmers Market from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Moderate Buy” and an average price target of $101.75.
Check Out Our Latest Research Report on Sprouts Farmers Market
Insider Buying and Selling
In other news, insider Timmi Zalatoris sold 426 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $78.52, for a total value of $33,449.52. Following the transaction, the insider owned 13,045 shares in the company, valued at $1,024,293.40. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 3,201 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $83.97, for a total value of $268,787.97. Following the completion of the sale, the chief executive officer directly owned 269,980 shares in the company, valued at $22,670,220.60. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 129,750 shares of company stock worth $10,566,838 in the last quarter. 1.10% of the stock is owned by insiders.
Sprouts Farmers Market Company 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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