6,194 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,194 shares of the company’s stock, valued at approximately $399,000.

A number of other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in Sprouts Farmers Market by 11.7% during the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after buying an additional 208 shares during the last quarter. Xponance Inc. increased its stake in Sprouts Farmers Market by 1.4% in the fourth quarter. Xponance Inc. now owns 14,976 shares of the company’s stock valued at $720,000 after purchasing an additional 209 shares in the last quarter. Baldwin Brothers LLC MA increased its stake in Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 210 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Sprouts Farmers Market by 3.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock valued at $344,000 after purchasing an additional 216 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in Sprouts Farmers Market by 4.5% in the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock valued at $247,000 after purchasing an additional 220 shares in the last quarter.

Sprouts Farmers Market Stock Performance

SFM traded up $0.32 during midday trading on Wednesday, reaching $83.07. The company had a trading volume of 1,016,444 shares, compared to its average volume of 1,340,527. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.19. The stock has a market cap of $8.35 billion, a PE ratio of 28.35, a P/E/G ratio of 3.16 and a beta of 0.51. Sprouts Farmers Market, Inc. has a 12-month low of $35.04 and a 12-month high of $83.10. The business has a 50-day moving average price of $74.87 and a two-hundred day moving average price of $62.24.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Sprouts Farmers Market had a net margin of 4.25% and a return on equity of 26.77%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, May 2nd. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $74.00 to $75.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $57.88.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $78.48, for a total value of $392,400.00. Following the transaction, the director now directly owns 52,966 shares in the company, valued at $4,156,771.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.05, for a total value of $99,216.10. Following the sale, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $78.48, for a total transaction of $392,400.00. Following the sale, the director now directly owns 52,966 shares in the company, valued at approximately $4,156,771.68. The disclosure for this sale can be found here. Insiders have sold a total of 60,433 shares of company stock worth $4,522,865 over the last three months. 1.10% of the stock is currently owned by insiders.

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.