Callan Family Office LLC Takes $437,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Callan Family Office LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,438 shares of the company's stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFM. Congress Asset Management Co. raised its holdings in shares of Sprouts Farmers Market by 94.9% in the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after purchasing an additional 632,523 shares during the last quarter. Wellington Management Group LLP acquired a new position in Sprouts Farmers Market during the third quarter worth $18,259,000. Raymond James Financial Inc. bought a new position in Sprouts Farmers Market during the fourth quarter worth $19,926,000. JPMorgan Chase & Co. boosted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after purchasing an additional 156,175 shares during the period. Finally, Citigroup Inc. boosted its position in Sprouts Farmers Market by 137.7% during the third quarter. Citigroup Inc. now owns 249,914 shares of the company's stock worth $27,593,000 after purchasing an additional 144,761 shares during the period.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares of the company's stock, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now directly owns 28,571 shares of the company's stock, valued at approximately $4,137,080.80. The trade was a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,564 shares of company stock valued at $6,890,970. 1.10% of the stock is currently owned by corporate insiders.

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Sprouts Farmers Market Price Performance

SFM traded up $2.49 on Wednesday, hitting $137.40. 1,555,784 shares of the stock were exchanged, compared to its average volume of 1,586,269. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99. The business has a 50-day moving average of $150.54 and a two-hundred day moving average of $133.94. 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 firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SFM. Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Friday, February 28th. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $154.15.

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.