Teza Capital Management LLC Purchases New Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Teza Capital Management LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,152 shares of the company's stock, valued at approximately $909,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $51,000.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now owns 9,830 shares of the company's stock, valued at approximately $1,326,755.10. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at $4,137,080.80. The trade was a 14.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,362 shares of company stock valued at $18,430,847 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SFM shares. Northcoast Research raised Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a report on Friday, February 28th. Evercore ISI upped their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Bank of America lifted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada upped their price target on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Trading Down 1.8%

Shares of Sprouts Farmers Market stock traded down $2.91 on Thursday, hitting $161.77. 1,548,968 shares of the company's stock traded hands, compared to its average volume of 1,447,442. The company has a fifty day moving average of $157.57 and a two-hundred day moving average of $150.31. Sprouts Farmers Market, Inc. has a one year low of $74.15 and a one year high of $178.99. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.27. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company's revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. 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 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.