Jupiter Topco LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 384,750 shares of the company’s stock, valued at approximately $32,540,000. Jupiter Topco LLC owned approximately 0.41% of Sprouts Farmers Market as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of SFM. MML Investors Services LLC lifted its position in Sprouts Farmers Market by 0.6% during the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock valued at $3,340,000 after buying an additional 124 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Sprouts Farmers Market by 1.0% in the second quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock worth $2,044,000 after acquiring an additional 139 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Sprouts Farmers Market by 2.9% in the second quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company’s stock worth $472,000 after acquiring an additional 155 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Sprouts Farmers Market by 72.7% in the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in shares of Sprouts Farmers Market by 4.3% in the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock valued at $327,000 after acquiring an additional 171 shares during the period.
Sprouts Farmers Market Stock Performance
Shares of SFM stock opened at $81.46 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.43. The company’s fifty day moving average price is $81.82 and its two-hundred day moving average price is $79.55. The firm has a market capitalization of $7.60 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.01 and a beta of 0.68. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $141.78.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on SFM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $84.00 price objective on shares of Sprouts Farmers Market in a research note on Thursday, July 30th. UBS Group upped their target price on Sprouts Farmers Market from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Roth Capital set a $82.00 target price on Sprouts Farmers Market in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $114.00 target price on shares of Sprouts Farmers Market in a report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $91.58.
Check Out Our Latest Stock Report on Sprouts Farmers Market
Insider Buying and Selling at Sprouts Farmers Market
In other news, Director Joseph D. O’leary sold 2,597 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares in the company, valued at approximately $1,214,604.70. This represents a 15.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the sale, the chief operating officer owned 66,119 shares of the company’s stock, valued at approximately $5,811,860.10. This trade represents a 15.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,289 shares of company stock valued at $4,991,405 in the last three months. Corporate insiders own 1.30% of the company’s stock.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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