Los Angeles Capital Management LLC Has $4.27 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Los Angeles Capital Management LLC increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,690 shares of the company’s stock after purchasing an additional 1,851 shares during the period. Los Angeles Capital Management LLC’s holdings in Sprouts Farmers Market were worth $4,272,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc raised its stake in Sprouts Farmers Market by 31.3% during the 3rd quarter. Atria Investments Inc now owns 14,266 shares of the company’s stock valued at $1,575,000 after purchasing an additional 3,400 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at about $212,000. SpiderRock Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $3,252,000. Fiera Capital Corp acquired a new stake in Sprouts Farmers Market during the third quarter worth about $31,712,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in Sprouts Farmers Market during the third quarter valued at about $6,401,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SFM shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Trading Down 0.3 %

SFM stock opened at $146.07 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 42.22, a P/E/G ratio of 2.19 and a beta of 0.54. The business has a fifty day moving average price of $115.63 and a 200 day moving average price of $95.48. Sprouts Farmers Market, Inc. has a fifty-two week low of $40.39 and a fifty-two week high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In related news, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the transaction, the director now owns 51,627 shares in the company, valued at $5,162,700. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 51,627 shares of the company’s stock, valued at approximately $5,162,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,648 shares of company stock valued at $5,902,586 over the last three months. 1.10% of the stock is owned by insiders.

About Sprouts Farmers Market

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.