SteelPeak Wealth LLC Acquires Shares of 5,585 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

SteelPeak Wealth LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,585 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFM. Millennium Management LLC increased its position in shares of Sprouts Farmers Market by 314.8% in the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Sprouts Farmers Market in the 2nd quarter valued at about $544,000. Creative Planning raised its position in shares of Sprouts Farmers Market by 29.8% in the 2nd quarter. Creative Planning now owns 29,962 shares of the company’s stock valued at $2,507,000 after buying an additional 6,871 shares in the last quarter. Quarry LP lifted its holdings in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Sprouts Farmers Market by 42.2% during the 2nd quarter. Cetera Investment Advisers now owns 74,943 shares of the company’s stock worth $6,270,000 after acquiring an additional 22,246 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SFM. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday. Evercore ISI raised their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Bank of America boosted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $119.40.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the sale, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock valued at $8,778,152 over the last ninety days. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $156.25 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 52 week low of $49.81 and a 52 week high of $158.84. The firm has a market cap of $15.62 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. The firm’s fifty day moving average is $142.41 and its 200-day moving average is $120.74.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

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.