Sage Rhino Capital LLC Makes New $201,000 Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sage Rhino Capital LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,579 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently modified their holdings of SFM. Wesbanco Bank Inc. raised its position in Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the period. Greenleaf Trust increased its position in shares of Sprouts Farmers Market by 1.2% during the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after purchasing an additional 80 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Sprouts Farmers Market by 1.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares during the period. Ballentine Partners LLC raised its holdings in Sprouts Farmers Market by 2.6% in the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after buying an additional 96 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after buying an additional 101 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SFM. UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Roth Mkm boosted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Jefferies Financial Group lifted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $154.00.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $146.97 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. The stock’s 50-day moving average is $149.06 and its two-hundred day moving average is $131.87. Sprouts Farmers Market, Inc. has a 1-year low of $60.46 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,264 shares of company stock valued at $6,271,193. 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.