Cullen Frost Bankers Inc. bought a new stake in Sprouts Farmers Market Inc (NASDAQ:SFM) during the first quarter, HoldingsChannel reports. The institutional investor bought 2,566 shares of the company’s stock, valued at approximately $55,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $53,331,000. Norges Bank acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $41,565,000. Oregon Public Employees Retirement Fund raised its position in shares of Sprouts Farmers Market by 2,356.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock valued at $51,000 after acquiring an additional 1,139,777 shares in the last quarter. Half Sky Capital UK Ltd acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $24,456,000. Finally, Two Sigma Investments LP raised its position in shares of Sprouts Farmers Market by 7,527.4% during the 4th quarter. Two Sigma Investments LP now owns 1,018,865 shares of the company’s stock valued at $23,954,000 after acquiring an additional 1,005,507 shares in the last quarter. 99.25% of the stock is currently owned by institutional investors.
In related news, CEO James Leroy Nielsen sold 17,267 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.94, for a total transaction of $396,104.98. Following the completion of the transaction, the chief executive officer now directly owns 130,750 shares in the company, valued at approximately $2,999,405. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn R. Gensch sold 3,310 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total value of $75,997.60. Following the transaction, the insider now owns 22,917 shares of the company’s stock, valued at $526,174.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,394 shares of company stock valued at $1,020,298. 0.70% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the company. ValuEngine raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Wolfe Research lowered Sprouts Farmers Market to a “market perform” rating in a research report on Wednesday, March 27th. Buckingham Research assumed coverage on Sprouts Farmers Market in a research report on Thursday, February 7th. They set a “neutral” rating and a $23.75 price target on the stock. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Sprouts Farmers Market in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.10.
Shares of SFM opened at $22.17 on Thursday. The firm has a market cap of $2.76 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.82 and a beta of 0.48. The company has a quick ratio of 0.20, a current ratio of 0.88 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market Inc has a 12 month low of $20.58 and a 12 month high of $29.67.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $413.90 million during the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a return on equity of 26.41% and a net margin of 2.78%. The firm’s revenue was down 67.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts forecast that Sprouts Farmers Market Inc will post 1.21 earnings per share for the current fiscal year.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.
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