Sage Rhino Capital LLC Invests $201,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sage Rhino Capital LLC acquired a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,579 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. JPMorgan Chase & Co. raised its holdings in shares of Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after buying an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at $13,348,000. SpiderRock Advisors LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter worth $3,252,000. First Hawaiian Bank acquired a new stake in Sprouts Farmers Market during the 4th quarter worth about $1,517,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Roth Mkm raised their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Evercore ISI upped their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $154.00.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total value of $488,379.10. Following the completion of 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 represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,264 shares of company stock worth $6,271,193 in the last 90 days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock opened at $146.97 on Tuesday. The firm has a market cap of $14.49 billion, a PE ratio of 39.09, a P/E/G ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $149.06 and a 200 day moving average price of $131.87.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal 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.