GSA Capital Partners LLP Boosts Holdings in Sprouts Farmers Market, Inc. $SFM

GSA Capital Partners LLP increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 590.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,246 shares of the company’s stock after purchasing an additional 41,263 shares during the period. Sprouts Farmers Market makes up 0.4% of GSA Capital Partners LLP’s investment portfolio, making the stock its 2nd largest holding. GSA Capital Partners LLP’s holdings in Sprouts Farmers Market were worth $5,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in Sprouts Farmers Market in the second quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its position in Sprouts Farmers Market by 98.6% in the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 141 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $33,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $49,000.

Sprouts Farmers Market Trading Up 2.0%

SFM stock opened at $68.96 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.05 and a quick ratio of 0.53. Sprouts Farmers Market, Inc. has a 1-year low of $64.75 and a 1-year high of $182.00. The business has a 50 day simple moving average of $75.48 and a two-hundred day simple moving average of $100.03. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.69 and a beta of 0.76.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research reports. UBS Group set a $108.00 price objective on shares of Sprouts Farmers Market in a report on Thursday, October 30th. BMO Capital Markets set a $90.00 price objective on shares of Sprouts Farmers Market in a research report on Thursday, October 30th. The Goldman Sachs Group decreased their target price on Sprouts Farmers Market from $152.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Evercore ISI restated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, February 10th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $91.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.77.

Insiders Place Their Bets

In other news, insider John Scott Neal sold 17,471 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $85.20, for a total transaction of $1,488,529.20. Following the completion of the transaction, the insider owned 14,178 shares in the company, valued at $1,207,965.60. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Alisa Gmelich sold 3,161 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $79.39, for a total value of $250,951.79. Following the transaction, the chief marketing officer directly owned 5,552 shares of the company’s stock, valued at approximately $440,773.28. The trade was a 36.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market 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.