Trexquant Investment LP Increases Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Trexquant Investment LP increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,437 shares of the company's stock after buying an additional 59,188 shares during the period. Trexquant Investment LP owned 0.17% of Sprouts Farmers Market worth $22,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new stake in Sprouts Farmers Market during the 3rd quarter valued at $220,000. Freedom Investment Management Inc. purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at $233,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sprouts Farmers Market by 76.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,058 shares of the company's stock valued at $4,423,000 after acquiring an additional 17,305 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Sprouts Farmers Market in the third quarter worth about $2,640,000. Finally, Kestra Investment Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth about $296,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SFM. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. BMO Capital Markets upped their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Jefferies Financial Group increased their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Evercore ISI reduced their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $167.00.

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Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 1,065 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the sale, the insider now directly owns 9,830 shares of the company's stock, valued at $1,326,755.10. This represents a 9.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company's stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Performance

SFM stock traded down $5.06 during trading on Thursday, reaching $153.28. The company had a trading volume of 1,861,144 shares, compared to its average volume of 1,384,579. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. 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 has a 50-day simple moving average of $152.44 and a 200-day simple moving average of $138.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate 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, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Sprouts Farmers Market Company 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.