Rule One Partners LLC boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 62.0% during the 1st quarter, Holdings Channel reports. The firm owned 209,000 shares of the company’s stock after buying an additional 80,000 shares during the quarter. Sprouts Farmers Market makes up about 16.0% of Rule One Partners LLC’s holdings, making the stock its 3rd biggest position. Rule One Partners LLC’s holdings in Sprouts Farmers Market were worth $16,120,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Sprouts Farmers Market by 260.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,644 shares of the company’s stock valued at $1,963,000 after buying an additional 17,812 shares during the last quarter. Signet Financial Management LLC purchased a new position in Sprouts Farmers Market during the 1st quarter valued at approximately $2,938,000. Fulcrum Asset Management LLP bought a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $1,333,000. Eurizon Capital SGR S.p.A. bought a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $4,841,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Sprouts Farmers Market by 848.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 33,300 shares of the company’s stock worth $2,685,000 after acquiring an additional 29,788 shares in the last quarter.
Sprouts Farmers Market Stock Performance
SFM stock opened at $76.84 on Tuesday. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $161.49. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.98 and a beta of 0.67. The business’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $77.91. The company has a quick ratio of 0.42, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.
Wall Street Analyst Weigh In
SFM has been the subject of a number of research reports. UBS Group increased their target price on Sprouts Farmers Market from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Melius Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target on the stock. in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a research report on Monday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.62.
Read Our Latest Research Report on Sprouts Farmers Market
Insider Activity at Sprouts Farmers Market
In other Sprouts Farmers Market news, CEO Jack Sinclair sold 10,788 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $84.87, for a total value of $915,577.56. Following the completion of the sale, the chief executive officer directly owned 269,980 shares of the company’s stock, valued at $22,913,202.60. The trade was a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandon F. Lombardi sold 406 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the sale, the insider directly owned 6,801 shares of the company’s stock, valued at approximately $557,954.04. This trade represents a 5.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,310 shares of company stock worth $3,873,881 in the last 90 days. 1.30% of the stock is owned by corporate insiders.
Sprouts Farmers Market Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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