Hanlon Investment Management Inc. Makes New $876,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hanlon Investment Management Inc. acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,935 shares of the company's stock, valued at approximately $876,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Crewe Advisors LLC raised its stake in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after buying an additional 219 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market in the second quarter valued at about $29,000. Quarry LP boosted its position in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $60,000.

Insider Activity

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares of the company's stock, valued at $4,459,571.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the sale, the chief executive officer now owns 199,576 shares of the company's stock, valued at approximately $26,463,777.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,999 shares of company stock worth $8,148,868. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $4.30 during trading on Tuesday, hitting $136.09. 1,417,858 shares of the company's stock were exchanged, compared to its average volume of 1,333,935. The business's 50-day simple moving average is $110.82 and its 200 day simple moving average is $92.23. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 1.98 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 52-week low of $39.98 and a 52-week high of $136.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

SFM has been the topic of several recent research reports. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price objective for the company. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday. Finally, Evercore ISI boosted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of "Hold" and an average price target of $115.40.

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.