Vaughan Nelson Investment Management L.P. acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,695 shares of the company’s stock, valued at approximately $2,445,000.
Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter worth about $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Sprouts Farmers Market by 98.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 141 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $33,000. Finally, FWL Investment Management LLC lifted its stake in Sprouts Farmers Market by 72.5% in the 3rd quarter. FWL Investment Management LLC now owns 426 shares of the company’s stock valued at $46,000 after purchasing an additional 179 shares during the last quarter.
Sprouts Farmers Market Trading Down 0.2%
Shares of SFM stock opened at $77.13 on Wednesday. The firm has a 50 day moving average price of $73.59 and a two-hundred day moving average price of $85.20. The company has a quick ratio of 0.44, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $7.29 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76. Sprouts Farmers Market, Inc. has a 12-month low of $64.75 and a 12-month high of $182.00.
Insider Activity
In related news, insider David Mcglinchey sold 4,872 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $80.82, for a total value of $393,755.04. Following the transaction, the insider directly owned 48,737 shares in the company, valued at approximately $3,938,924.34. This represents a 9.09% decrease in their ownership of the stock. The transaction 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 Sprouts Farmers Market stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $81.59, for a total transaction of $958,274.55. Following the completion of the sale, the insider owned 8,262 shares of the company’s stock, valued at $674,096.58. This trade represents a 58.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 129,750 shares of company stock worth $10,566,838. Corporate insiders own 1.10% of the company’s stock.
Analyst Upgrades and Downgrades
SFM has been the topic of a number of recent analyst reports. Zacks Research raised Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their target price on Sprouts Farmers Market from $88.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 target price on the stock. in a report on Thursday, January 8th. Evercore upgraded Sprouts Farmers Market to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $74.00 price target on shares of Sprouts Farmers Market 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 issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.75.
View Our Latest Stock 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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