Three Seasons Wealth LLC Makes New Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Three Seasons Wealth LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,356 shares of the company's stock, valued at approximately $1,062,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock worth $21,975,000 after acquiring an additional 111,838 shares during the period. Rule One Partners LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $14,022,000. World Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $13,348,000. Sfmg LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $234,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $155,000.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded down $1.58 during midday trading on Wednesday, hitting $170.72. 1,141,932 shares of the company's stock were exchanged, compared to its average volume of 1,418,147. Sprouts Farmers Market, Inc. has a 12-month low of $64.02 and a 12-month high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 45.40, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The firm's 50 day simple moving average is $149.76 and its 200 day simple moving average is $145.38.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SFM. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. Roth Mkm boosted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and a consensus price target of $167.00.

Insider Activity

In related news, VP Stacy W. Hilgendorf sold 229 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the sale, the vice president now owns 10,226 shares of the company's stock, valued at approximately $1,425,811.18. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 2,915 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,764 shares of company stock valued at $13,562,649 over the last quarter. Corporate insiders own 1.10% of the company's stock.

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.