7,935 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 3rd quarter, Holdings Channel reports. The fund acquired 7,935 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Sprouts Farmers Market by 28.3% during the first quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after buying an additional 3,095 shares during the last quarter. Norden Group LLC bought a new stake in Sprouts Farmers Market during the 1st quarter worth $802,000. Sequoia Financial Advisors LLC acquired a new position in Sprouts Farmers Market in the 1st quarter worth about $223,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sprouts Farmers Market by 14.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,657 shares of the company’s stock valued at $4,556,000 after purchasing an additional 9,049 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Sprouts Farmers Market by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 21,183 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,428 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm increased their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Melius Research initiated coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $132.41 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $110.82 and its two-hundred day simple moving average is $92.23. Sprouts Farmers Market, Inc. has a 12 month low of $39.98 and a 12 month high of $135.10. The stock has a market capitalization of $13.24 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joel D. Anderson sold 20,851 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the transaction, the director now owns 18,809 shares in the company, valued at approximately $1,808,673.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,829 shares of company stock valued at $5,206,068 in the last quarter. 1.10% of the stock is currently owned by company insiders.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.