Norden Group LLC Acquires New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Norden Group LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,441 shares of the company’s stock, valued at approximately $802,000.

Several other hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth about $26,000. Blue Bell Private Wealth Management LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth about $36,000. VisionPoint Advisory Group LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $38,000. Finally, GAMMA Investing LLC acquired a new position in Sprouts Farmers Market during the 4th quarter worth about $43,000.

Insiders Place Their Bets

In other Sprouts Farmers Market news, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.05, for a total transaction of $99,216.10. Following the completion of the sale, the senior vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $412,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the transaction, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,147 shares of company stock valued at $4,999,299. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI lifted their target price on Sprouts Farmers Market from $75.00 to $77.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday, April 29th. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, May 2nd. Finally, UBS Group lifted their price objective on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.25.

Read Our Latest Research Report on Sprouts Farmers Market

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $82.51 on Monday. Sprouts Farmers Market, Inc. has a one year low of $36.21 and a one year high of $84.46. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 3.15 and a beta of 0.55. The business has a 50-day simple moving average of $77.72 and a 200 day simple moving average of $64.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current fiscal year.

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.

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

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