Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by Duality Advisers LP

Duality Advisers LP increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 362.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,945 shares of the company’s stock after purchasing an additional 55,598 shares during the quarter. Duality Advisers LP owned 0.07% of Sprouts Farmers Market worth $4,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFM. PFG Investments LLC boosted its position in shares of Sprouts Farmers Market by 4.2% during the 1st quarter. PFG Investments LLC now owns 4,504 shares of the company’s stock worth $290,000 after acquiring an additional 181 shares in the last quarter. Parallel Advisors LLC raised its stake in Sprouts Farmers Market by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after acquiring an additional 208 shares during the last quarter. Xponance Inc. raised its stake in Sprouts Farmers Market by 1.4% during the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock valued at $720,000 after acquiring an additional 209 shares during the last quarter. Baldwin Brothers LLC MA raised its stake in Sprouts Farmers Market by 20.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after acquiring an additional 210 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Sprouts Farmers Market by 3.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after buying an additional 216 shares in the last quarter.

Insider Activity

In related news, COO Nicholas Konat sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the sale, the chief operating officer now owns 51,495 shares of the company’s stock, valued at $3,817,839.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Sprouts Farmers Market news, insider David Mcglinchey sold 12,219 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $74.01, for a total value of $904,328.19. Following the transaction, the insider now owns 25,007 shares of the company’s stock, valued at $1,850,768.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Konat sold 31,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $74.14, for a total transaction of $2,298,340.00. Following the transaction, the chief operating officer now owns 51,495 shares in the company, valued at $3,817,839.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,147 shares of company stock valued at $4,999,299. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 0.1 %

NASDAQ:SFM traded up $0.08 during mid-day trading on Friday, reaching $82.78. The stock had a trading volume of 467,514 shares, compared to its average volume of 1,317,319. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.07 and a beta of 0.55. Sprouts Farmers Market, Inc. has a 1-year low of $36.21 and a 1-year high of $84.46. The stock’s 50 day simple moving average is $78.85 and its two-hundred day simple moving average is $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, May 1st. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore ISI increased their target price on Sprouts Farmers Market from $75.00 to $77.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. BMO Capital Markets upped their price target on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $78.00 to $89.00 and gave the stock a “buy” rating in a report on Wednesday. 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 company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $66.50.

About Sprouts Farmers Market

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.