SteelPeak Wealth LLC Purchases New Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

SteelPeak Wealth LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,585 shares of the company’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Sprouts Farmers Market by 2,577.7% during the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares during the period. Fiera Capital Corp acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $31,712,000. Millennium Management LLC increased its stake in shares of Sprouts Farmers Market by 314.8% in the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock valued at $18,727,000 after acquiring an additional 169,888 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $18,259,000. Finally, International Assets Investment Management LLC raised its position in shares of Sprouts Farmers Market by 3,347.7% in the 3rd quarter. International Assets Investment Management LLC now owns 164,732 shares of the company’s stock valued at $18,188,000 after acquiring an additional 159,954 shares during the period.

Insiders Place Their Bets

In other news, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at $20,741,491.26. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock valued at $8,778,152 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Up 0.7 %

Sprouts Farmers Market stock opened at $156.25 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1-year low of $49.81 and a 1-year high of $158.84. The company has a fifty day simple moving average of $142.41 and a 200 day simple moving average of $120.74. The company has a market cap of $15.62 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.65 EPS. Sprouts Farmers Market’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI lifted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $119.40.

Get Our Latest Stock Analysis on Sprouts Farmers Market

Sprouts Farmers Market Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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