GSA Capital Partners LLP Has $5.25 Million Stock Holdings in Sprouts Farmers Market, Inc. $SFM

GSA Capital Partners LLP increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 590.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,246 shares of the company’s stock after acquiring an additional 41,263 shares during the period. Sprouts Farmers Market comprises approximately 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 2nd largest position. GSA Capital Partners LLP’s holdings in Sprouts Farmers Market were worth $5,249,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Sprouts Farmers Market by 137.0% in the 2nd quarter. Bank of America Corp DE now owns 2,584,923 shares of the company’s stock worth $425,582,000 after purchasing an additional 1,494,014 shares in the last quarter. Norges Bank bought a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $198,080,000. Qube Research & Technologies Ltd raised its position in Sprouts Farmers Market by 157.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,248,891 shares of the company’s stock worth $205,617,000 after purchasing an additional 763,422 shares during the period. Invesco Ltd. lifted its stake in Sprouts Farmers Market by 52.8% in the second quarter. Invesco Ltd. now owns 2,131,607 shares of the company’s stock worth $350,948,000 after purchasing an additional 737,008 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its position in Sprouts Farmers Market by 6,089.8% during the third quarter. AMF Tjanstepension AB now owns 593,916 shares of the company’s stock valued at $64,618,000 after buying an additional 584,321 shares during the period.

Insider Activity

In related news, CMO Alisa Gmelich sold 3,161 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.39, for a total value of $250,951.79. Following the sale, the chief marketing officer owned 5,552 shares in the company, valued at $440,773.28. This represents a 36.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Scott Neal sold 17,471 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the transaction, the insider owned 14,178 shares of the company’s stock, valued at $1,207,965.60. The trade was a 55.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 2.0%

SFM stock opened at $68.96 on Tuesday. Sprouts Farmers Market, Inc. has a fifty-two week low of $64.75 and a fifty-two week high of $182.00. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.69 and a beta of 0.76. The business’s 50 day moving average price is $75.48 and its two-hundred day moving average price is $100.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.53 and a current ratio of 1.05.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore decreased their price objective on Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. Evercore ISI reissued an “outperform” rating on shares of Sprouts Farmers Market in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research report on Thursday, January 8th. Bank of America dropped their target price on shares of Sprouts Farmers Market from $200.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reduced their price target on Sprouts Farmers Market from $148.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.77.

Sprouts Farmers Market Company 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.