Triumph Capital Management Acquires Shares of 2,328 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Triumph Capital Management purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,328 shares of the company's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Sei Investments Co. lifted its stake in shares of Sprouts Farmers Market by 5.1% in the fourth quarter. Sei Investments Co. now owns 142,041 shares of the company's stock worth $18,049,000 after buying an additional 6,850 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Sprouts Farmers Market during the fourth quarter worth about $2,605,000. LPL Financial LLC increased its position in Sprouts Farmers Market by 47.6% during the fourth quarter. LPL Financial LLC now owns 160,522 shares of the company's stock worth $20,398,000 after purchasing an additional 51,782 shares during the last quarter. Vanguard Group Inc. increased its position in Sprouts Farmers Market by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock worth $1,347,554,000 after purchasing an additional 56,652 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Sprouts Farmers Market by 106.4% during the fourth quarter. Prudential Financial Inc. now owns 47,649 shares of the company's stock valued at $6,055,000 after acquiring an additional 24,567 shares during the last quarter.

Sprouts Farmers Market Stock Down 2.0%

Sprouts Farmers Market stock traded down $3.33 during trading on Friday, reaching $161.07. The stock had a trading volume of 1,063,464 shares, compared to its average volume of 2,048,378. Sprouts Farmers Market, Inc. has a 52-week low of $84.24 and a 52-week high of $182.00. The business has a 50 day moving average price of $164.66 and a 200 day moving average price of $157.85. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. The stock has a market cap of $15.76 billion, a PE ratio of 36.20, a P/E/G ratio of 2.01 and a beta of 0.77.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The company's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SFM. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. UBS Group lifted their price target on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays began coverage on shares of Sprouts Farmers Market in a research report on Monday, July 21st. They set an "equal weight" rating and a $173.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $168.20.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 4,054 shares of Sprouts Farmers Market stock in a transaction on Monday, June 16th. The shares were sold at an average price of $160.45, for a total value of $650,464.30. Following the transaction, the chief executive officer directly owned 174,740 shares in the company, valued at approximately $28,037,033. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of Sprouts Farmers Market stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the transaction, the chief operating officer owned 55,675 shares in the company, valued at approximately $9,325,562.50. This represents a 26.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,035 shares of company stock worth $12,213,719. Corporate insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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.