Ranger Investment Management L.P. Has $25.05 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Ranger Investment Management L.P. cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,125 shares of the company's stock after selling 43,442 shares during the quarter. Sprouts Farmers Market makes up 1.6% of Ranger Investment Management L.P.'s portfolio, making the stock its 26th largest holding. Ranger Investment Management L.P. owned about 0.20% of Sprouts Farmers Market worth $25,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC increased its stake in shares of Sprouts Farmers Market by 55.0% in the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after purchasing an additional 7,355 shares during the period. Unified Investment Management bought a new position in Sprouts Farmers Market in the 4th quarter worth approximately $1,161,000. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 156,175 shares during the period. World Investment Advisors LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $13,348,000. Finally, First Hawaiian Bank acquired a new position in Sprouts Farmers Market during the 4th quarter worth $1,517,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SFM shares. Royal Bank of Canada reissued a "sector perform" rating and set a $160.00 target price on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. JPMorgan Chase & Co. upped their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the company from $163.00 to $190.00 in a report on Monday, March 17th. Finally, Evercore ISI lowered their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $167.00.

Remove Ads

Sprouts Farmers Market Stock Performance

SFM traded up $1.86 on Monday, hitting $159.13. The company had a trading volume of 439,990 shares, compared to its average volume of 1,414,333. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 42.32, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. 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 company's fifty day moving average price is $151.70 and its 200 day moving average price is $141.30. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.96 billion. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Alisa Gmelich sold 289 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $139.43, for a total value of $40,295.27. Following the completion of the sale, the chief marketing officer now owns 6,229 shares in the company, valued at approximately $868,509.47. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the transaction, the vice president now owns 9,347 shares in the company, valued at $1,284,464.74. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,699 shares of company stock valued at $13,969,851. Insiders own 1.10% of the company's stock.

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.