Fox Run Management L.L.C. Purchases 13,931 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Fox Run Management L.L.C. raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 712.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,887 shares of the company’s stock after purchasing an additional 13,931 shares during the period. Sprouts Farmers Market makes up about 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 16th biggest holding. Fox Run Management L.L.C.’s holdings in Sprouts Farmers Market were worth $2,019,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $31,000. Avior Wealth Management LLC increased its position in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC increased its position in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the period. First Horizon Advisors Inc. increased its position in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Sprouts Farmers Market during the fourth quarter worth about $51,000.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent analyst reports. Roth Mkm raised their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. UBS Group boosted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Bank of America lifted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $162.92.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the transaction, the insider now owns 9,830 shares of the company’s stock, valued at $1,326,755.10. This represents a 9.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total transaction 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. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,501 shares of company stock valued at $11,616,851 in the last quarter. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $142.39 on Friday. The firm’s 50-day simple moving average is $150.88 and its two-hundred day simple moving average is $135.50. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The company has a market cap of $14.04 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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

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.