Fieldview Capital Management LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,427 shares of the company’s stock, valued at approximately $1,678,000.
Several other hedge funds have also added to or reduced their stakes in SFM. Spirepoint Private Client LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $4,310,000. Barlow Wealth Partners Inc. acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth $16,724,000. Federated Hermes Inc. raised its position in shares of Sprouts Farmers Market by 89.8% during the 3rd quarter. Federated Hermes Inc. now owns 928,668 shares of the company’s stock valued at $101,039,000 after acquiring an additional 439,425 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Sprouts Farmers Market by 115.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 36,486 shares of the company’s stock valued at $3,968,000 after purchasing an additional 19,549 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth $9,339,000.
Sprouts Farmers Market Price Performance
NASDAQ SFM opened at $77.80 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.44 and a current ratio of 0.93. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.73 and a beta of 0.76. The business has a 50 day simple moving average of $73.49 and a 200 day simple moving average of $92.09. Sprouts Farmers Market, Inc. has a 52-week low of $64.75 and a 52-week high of $182.00.
Insider Transactions at Sprouts Farmers Market
In other news, Director Joel D. Anderson acquired 4,400 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $77.17 per share, for a total transaction of $339,548.00. Following the completion of the acquisition, the director owned 24,802 shares in the company, valued at $1,913,970.34. This represents a 21.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Alisa Gmelich sold 3,161 shares of the business’s 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 completion of the sale, the chief marketing officer owned 5,552 shares in the company, valued at $440,773.28. The trade was a 36.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
SFM has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $111.00 price objective on Sprouts Farmers Market in a report on Friday, February 20th. Zacks Research raised Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Monday, December 29th. Wall Street Zen cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada cut their target price on shares of Sprouts Farmers Market from $140.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Moderate Buy” and an average price target of $101.75.
Read Our Latest Analysis on Sprouts Farmers Market
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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