Two Sigma Investments LP Grows Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Two Sigma Investments LP grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,890 shares of the company's stock after acquiring an additional 2,261 shares during the quarter. Two Sigma Investments LP's holdings in Sprouts Farmers Market were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market in the fourth quarter worth $31,000. GeoWealth Management LLC grew its position in shares of Sprouts Farmers Market by 115.4% during the 4th 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 increased its stake in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $51,000. Finally, V Square Quantitative Management LLC lifted its stake in Sprouts Farmers Market by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company's stock worth $58,000 after acquiring an additional 114 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and upped their price target for the stock from $163.00 to $190.00 in a research report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and a consensus price target of $167.79.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded down $4.07 during midday trading on Wednesday, reaching $171.14. The company's stock had a trading volume of 1,264,650 shares, compared to its average volume of 1,454,664. The firm has a market capitalization of $16.75 billion, a PE ratio of 45.52, a P/E/G ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $74.15 and a twelve month high of $182.00. The stock has a fifty day moving average of $162.03 and a 200 day moving average of $152.06. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 4.93% and a return on equity of 29.86%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 49,898 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the sale, the chief executive officer now owns 189,449 shares in the company, valued at approximately $26,034,081.58. This trade represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of the firm's 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 sale, the chief operating officer now owns 55,675 shares in the company, valued at approximately $9,325,562.50. This represents a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,547 shares of company stock worth $21,583,280 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Company 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.