Daiwa Securities Group Inc. increased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 28.8% in the 4th quarter, Holdings Channel reports. The fund owned 33,522 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Sprouts Farmers Market were worth $2,671,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Verus Capital Partners LLC lifted its stake in Sprouts Farmers Market by 69.9% in the 4th quarter. Verus Capital Partners LLC now owns 8,844 shares of the company’s stock worth $705,000 after acquiring an additional 3,638 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Sprouts Farmers Market by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 744,402 shares of the company’s stock worth $59,306,000 after acquiring an additional 39,971 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter worth about $254,000. Natixis Advisors LLC increased its position in Sprouts Farmers Market by 103.5% in the 4th quarter. Natixis Advisors LLC now owns 39,059 shares of the company’s stock worth $3,112,000 after purchasing an additional 19,867 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Sprouts Farmers Market in the 4th quarter worth about $7,737,000.
Sprouts Farmers Market Stock Performance
Shares of SFM stock opened at $84.74 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.42. The firm has a market cap of $7.97 billion, a P/E ratio of 16.30, a PEG ratio of 1.83 and a beta of 0.67. The stock’s 50-day moving average is $79.97 and its two-hundred day moving average is $77.95. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $173.96.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on SFM shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 target price on shares of Sprouts Farmers Market in a research report on Friday, February 20th. UBS Group dropped their target price on Sprouts Farmers Market from $108.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Melius Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 target price on the stock. in a research report on Monday, April 6th. Bank of America dropped their target price 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. Finally, Wells Fargo & Company dropped their target price on Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $96.08.
Get Our Latest Stock Analysis on Sprouts Farmers Market
Insider Buying and Selling at Sprouts Farmers Market
In other news, insider David Mcglinchey sold 4,872 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $80.82, for a total transaction of $393,755.04. Following the transaction, the insider owned 48,737 shares of the company’s stock, valued at approximately $3,938,924.34. This represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandon F. Lombardi sold 11,745 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $81.59, for a total value of $958,274.55. Following the transaction, the insider directly owned 8,262 shares in the company, valued at approximately $674,096.58. This represents a 58.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 151,734 shares of company stock worth $12,423,050 in the last 90 days. Company insiders own 1.30% of the company’s stock.
About Sprouts Farmers Market
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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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 – Free Report).
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