Rule One Partners LLC Purchases Shares of 127,000 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Rule One Partners LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 127,000 shares of the company's stock, valued at approximately $14,022,000. Sprouts Farmers Market makes up approximately 6.0% of Rule One Partners LLC's holdings, making the stock its 4th largest position. Rule One Partners LLC owned approximately 0.13% of Sprouts Farmers Market as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SFM. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the third quarter worth $25,000. Crewe Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the period. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth about $29,000. Finally, First Horizon Advisors Inc. lifted its stake in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $40,000 after purchasing an additional 162 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joseph D. O'leary sold 350 shares of Sprouts Farmers Market stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, the director now directly owns 17,991 shares of the company's stock, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the sale, the director now directly owns 33,571 shares of the company's stock, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,155 shares of company stock worth $3,742,274 in the last three months. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Up 0.4 %

Shares of SFM traded up $0.60 during mid-day trading on Thursday, hitting $149.51. The company's stock had a trading volume of 1,089,395 shares, compared to its average volume of 1,332,702. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $133.64 and its 200-day moving average is $106.03. Sprouts Farmers Market, Inc. has a 52-week low of $46.74 and a 52-week high of $155.64. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 43.23, a PEG ratio of 2.28 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted 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. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Sprouts Farmers Market's revenue was up 13.6% on a year-over-year basis. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company upped 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. Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. BMO Capital Markets upped 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 report on Thursday, October 31st. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $118.40.

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.