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Paloma Partners Management Co Invests $935,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sprouts Farmers Market logo with Retail/Wholesale background

Paloma Partners Management Co acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 8,468 shares of the company's stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in Sprouts Farmers Market in the first quarter worth about $736,000. Cetera Investment Advisers grew its position in shares of Sprouts Farmers Market by 505.2% during the 1st quarter. Cetera Investment Advisers now owns 52,697 shares of the company's stock worth $3,398,000 after buying an additional 43,990 shares during the period. Cetera Advisors LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $349,000. GAMMA Investing LLC lifted its holdings in Sprouts Farmers Market by 37.1% in the second quarter. GAMMA Investing LLC now owns 1,272 shares of the company's stock valued at $106,000 after buying an additional 344 shares during the period. Finally, CWM LLC boosted its stake in Sprouts Farmers Market by 12.6% in the second quarter. CWM LLC now owns 2,131 shares of the company's stock valued at $178,000 after acquiring an additional 239 shares during the last quarter.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now owns 199,576 shares of the company's stock, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the sale, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,802 shares of company stock worth $3,887,838 over the last three months. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SFM shares. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price for the company. Evercore ISI upped their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price objective 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. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $118.40.

Read Our Latest Stock Analysis on Sprouts Farmers Market

Sprouts Farmers Market Stock Up 0.1 %

SFM stock traded up $0.20 during mid-day trading on Tuesday, hitting $151.12. 1,398,708 shares of the company were exchanged, compared to its average volume of 1,338,870. The firm has a market cap of $15.11 billion, a P/E ratio of 43.68, a P/E/G ratio of 2.28 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 1-year low of $44.02 and a 1-year high of $155.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm's 50 day simple moving average is $128.88 and its 200 day simple moving average is $103.28.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion for 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%. The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Sprouts Farmers Market Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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