Bryce Point Capital LLC Makes New $431,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bryce Point Capital LLC bought a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,388 shares of the company's stock, valued at approximately $431,000.

A number of other institutional investors have also recently made changes to their positions in the business. HighTower Advisors LLC increased its holdings in Sprouts Farmers Market by 55.0% during the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after buying an additional 7,355 shares during the period. Unified Investment Management bought a new position in Sprouts Farmers Market in the fourth quarter worth about $1,161,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after buying an additional 156,175 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $13,348,000. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $1,517,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $160.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Jefferies Financial Group lifted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price target for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $167.00.

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Sprouts Farmers Market Trading Up 0.1 %

SFM traded up $0.13 during mid-day trading on Thursday, reaching $153.79. The stock had a trading volume of 557,946 shares, compared to its average volume of 1,410,403. The stock has a market capitalization of $15.08 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.31 and a beta of 0.87. The firm's fifty day simple moving average is $151.99 and its two-hundred day simple moving average is $140.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.96 billion. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Timmi Zalatoris sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total value of $302,680.00. Following the completion of the transaction, the insider now directly owns 13,263 shares of the company's stock, valued at approximately $2,007,222.42. This trade represents a 13.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company's stock, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,784 shares of company stock worth $13,534,466. Corporate insiders own 1.10% of the company's stock.

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.