Cynosure Group LLC Invests $313,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cynosure Group LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,466 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bryce Point Capital LLC purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at about $431,000. Trexquant Investment LP grew its holdings in shares of Sprouts Farmers Market by 51.8% in the fourth quarter. Trexquant Investment LP now owns 173,437 shares of the company’s stock valued at $22,039,000 after acquiring an additional 59,188 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $162,000. Meeder Asset Management Inc. bought a new stake in Sprouts Farmers Market during the fourth quarter worth $130,000. Finally, Wellington Management Group LLP boosted its position in Sprouts Farmers Market by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 259,108 shares of the company’s stock worth $32,925,000 after purchasing an additional 93,734 shares during the last quarter.

Analysts Set New Price Targets

SFM has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. StockNews.com downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Bank of America increased their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $167.00.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $158.34 on Thursday. The firm has a market capitalization of $15.52 billion, a P/E ratio of 42.11, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. 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 business has a fifty day moving average price of $152.44 and a 200-day moving average price of $138.59.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $151.34, for a total value of $302,680.00. Following the transaction, the insider now directly owns 13,263 shares in the company, valued at $2,007,222.42. This represents a 13.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the sale, the vice president now owns 9,347 shares of the company’s stock, valued at approximately $1,284,464.74. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,784 shares of company stock worth $13,534,466. 1.10% of the stock is owned by company insiders.

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.