Trexquant Investment LP Has $22.04 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Trexquant Investment LP grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 51.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,437 shares of the company’s stock after acquiring an additional 59,188 shares during the period. Trexquant Investment LP owned 0.17% of Sprouts Farmers Market worth $22,039,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SFM. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $31,000. Avior Wealth Management LLC raised 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 valued at $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC boosted its position in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $51,000. Finally, V Square Quantitative Management LLC increased its position in Sprouts Farmers Market by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock valued at $58,000 after buying an additional 114 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $152.64 on Tuesday. The business’s fifty day simple moving average is $152.04 and its 200 day simple moving average is $138.07. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $61.61 and a 12 month high of $178.99. The firm has a market capitalization of $14.96 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 229 shares of the stock in a transaction on Thursday, March 20th. The stock was 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 in the company, valued at $1,425,811.18. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nicholas Konat sold 11,283 shares of Sprouts Farmers Market stock in a transaction on Monday, March 24th. The shares were sold at an average price of $143.13, for a total value of $1,614,935.79. Following the completion of the transaction, the chief operating officer now owns 55,675 shares of the company’s stock, valued at approximately $7,968,762.75. This trade represents a 16.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,784 shares of company stock worth $13,231,786. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

SFM has been the subject of a number of research reports. Bank of America raised their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $160.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Roth Mkm lifted 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, Jefferies Financial Group boosted their target price 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. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $167.00.

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.