Fruth Investment Management grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,050 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Fruth Investment Management’s holdings in Sprouts Farmers Market were worth $382,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in SFM. CENTRAL TRUST Co grew its holdings in shares of Sprouts Farmers Market by 823.9% during the 3rd quarter. CENTRAL TRUST Co now owns 2,125 shares of the company’s stock worth $44,000 after purchasing an additional 1,895 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the second quarter worth about $83,000. Solstein Capital LLC grew its stake in Sprouts Farmers Market by 129.5% during the third quarter. Solstein Capital LLC now owns 9,180 shares of the company’s stock worth $192,000 after buying an additional 5,180 shares in the last quarter. ARP Americas LP bought a new position in Sprouts Farmers Market in the 3rd quarter valued at about $207,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Sprouts Farmers Market in the 3rd quarter valued at about $221,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
In related news, Director Joe Fortunato bought 13,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $18.80 per share, with a total value of $244,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.
Shares of Sprouts Farmers Market stock opened at $20.19 on Thursday. The business has a 50-day moving average price of $20.13 and a two-hundred day moving average price of $22.08. Sprouts Farmers Market, Inc. has a 1-year low of $13.00 and a 1-year high of $28.00. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.38 billion, a P/E ratio of 10.97, a PEG ratio of 1.09 and a beta of 0.12.
Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.35 by $0.17. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.63 billion. Sprouts Farmers Market had a return on equity of 34.45% and a net margin of 3.56%. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 2.12 EPS for the current fiscal year.
Several analysts recently issued reports on the stock. Bank of America reduced their price target on shares of Sprouts Farmers Market from $23.00 to $19.00 and set an “underperform” rating on the stock in a research report on Thursday, October 29th. Zacks Investment Research downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Tuesday, October 6th. BidaskClub raised Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Sprouts Farmers Market from $33.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, MKM Partners decreased their target price on Sprouts Farmers Market from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.67.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items.
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