Forum Financial Management LP Buys New Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Forum Financial Management LP purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,925 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth about $400,000. Arjuna Capital raised its holdings in Sprouts Farmers Market by 0.9% during the second quarter. Arjuna Capital now owns 63,959 shares of the company’s stock worth $5,351,000 after purchasing an additional 542 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at $29,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Sprouts Farmers Market by 135.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 69,881 shares of the company’s stock valued at $5,846,000 after buying an additional 40,212 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, the chief executive officer now owns 256,716 shares in the company, valued at $19,785,102.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the sale, the chief executive officer now owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Insiders have sold a total of 121,228 shares of company stock worth $11,795,565 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Trading Up 1.5 %

Shares of SFM stock opened at $104.05 on Friday. The company has a market capitalization of $10.42 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 2.96 and a beta of 0.55. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $90.25 and its two-hundred day moving average is $75.91. Sprouts Farmers Market, Inc. has a twelve month low of $38.46 and a twelve month high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Evercore ISI boosted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Roth Mkm raised their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Bank of America boosted their price objective on Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $93.38.

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.