400 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Rise Advisors LLC

Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 400 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also bought and sold shares of the company. Dorsey Wright & Associates purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $1,378,000. Point72 Asset Management L.P. lifted its stake in shares of Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after buying an additional 1,237,610 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Sprouts Farmers Market by 10.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock valued at $7,638,000 after acquiring an additional 14,401 shares in the last quarter. Qsemble Capital Management LP bought a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $909,000. Finally, International Assets Investment Management LLC raised its stake in shares of Sprouts Farmers Market by 2,152.8% in the fourth quarter. International Assets Investment Management LLC now owns 65,670 shares of the company’s stock worth $3,159,000 after purchasing an additional 62,755 shares during the last quarter.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $77.35 on Friday. The business’s fifty day moving average is $74.09 and its 200 day moving average is $61.51. Sprouts Farmers Market, Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $82.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The company has a market capitalization of $7.77 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.94 and a beta of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 5,174 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the sale, the insider now directly owns 6,052 shares of the company’s stock, valued at $453,718.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brandon F. Lombardi sold 5,174 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $74.97, for a total value of $387,894.78. Following the completion of the transaction, the insider now owns 6,052 shares of the company’s stock, valued at $453,718.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Konat sold 31,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $74.14, for a total value of $2,298,340.00. Following the sale, the chief operating officer now directly owns 51,495 shares in the company, valued at approximately $3,817,839.30. The disclosure for this sale can be found here. Insiders have sold 54,715 shares of company stock valued at $4,082,179 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Sprouts Farmers Market from $74.00 to $75.00 and gave the stock an “in-line” rating in a report on Thursday. Oppenheimer reissued a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sprouts Farmers Market from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company raised their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Two 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.com, the company has a consensus rating of “Hold” and a consensus price target of $57.88.

Sprouts Farmers Market 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.