Meeder Asset Management Inc. Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Meeder Asset Management Inc. bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,022 shares of the company’s stock, valued at approximately $130,000.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC grew its stake in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC increased its position in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the 4th quarter valued at $51,000. Finally, V Square Quantitative Management LLC grew its position in Sprouts Farmers Market by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock worth $58,000 after purchasing an additional 114 shares during the last quarter.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the sale, the chief executive officer now owns 149,499 shares in the company, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the transaction, the insider now directly owns 9,830 shares in the company, valued at approximately $1,326,755.10. This trade represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,784 shares of company stock valued at $13,534,466 over the last three months. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $155.25 on Wednesday. The business’s fifty day moving average is $152.20 and its two-hundred day moving average is $138.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market cap of $15.22 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SFM shares. Jefferies Financial Group upped their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Roth Mkm boosted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Evercore ISI lowered their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $167.00.

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.