Cynosure Group LLC Invests $313,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cynosure Group LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,466 shares of the company's stock, valued at approximately $313,000.

A number of other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market during the fourth quarter valued at $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $51,000. Finally, V Square Quantitative Management LLC grew its holdings in Sprouts Farmers Market by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company's stock valued at $58,000 after buying an additional 114 shares in the last quarter.

Sprouts Farmers Market Trading Up 2.8 %

SFM traded up $4.15 during trading on Tuesday, hitting $151.44. 639,800 shares of the stock were exchanged, compared to its average volume of 1,400,635. Sprouts Farmers Market, Inc. has a 1 year low of $61.61 and a 1 year high of $178.99. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 2.31 and a beta of 0.87. The firm has a 50 day simple moving average of $152.49 and a 200 day simple moving average of $139.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

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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, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research note on Tuesday, March 25th. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. 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 note on Friday, February 21st. Finally, Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $167.00.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 143,669 shares of the company's stock, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now directly owns 28,571 shares in the company, 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. Insiders have sold a total of 96,784 shares of company stock valued at $13,534,466 over the last ninety days. 1.10% of the stock is owned by company insiders.

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.