Cynosure Group LLC Invests $313,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cynosure Group LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,466 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bryce Point Capital LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $431,000. Trexquant Investment LP boosted its holdings in shares of Sprouts Farmers Market by 51.8% during the 4th quarter. Trexquant Investment LP now owns 173,437 shares of the company’s stock valued at $22,039,000 after acquiring an additional 59,188 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $162,000. Meeder Asset Management Inc. acquired a new position in Sprouts Farmers Market in the 4th quarter worth about $130,000. Finally, Wellington Management Group LLP raised its position in Sprouts Farmers Market by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 259,108 shares of the company’s stock valued at $32,925,000 after purchasing an additional 93,734 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Roth Mkm upped their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. raised their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $167.00.

Sprouts Farmers Market Stock Up 2.0 %

Shares of Sprouts Farmers Market stock opened at $158.34 on Thursday. The stock’s 50-day moving average is $152.44 and its 200 day moving average is $138.59. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now owns 9,830 shares of the company’s stock, valued at $1,326,755.10. This represents a 9.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Company Profile

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.