Divisadero Street Capital Management LP Buys New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Divisadero Street Capital Management LP purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $2,092,000.

Several other hedge funds have also recently made changes to their positions in SFM. Principal Securities Inc. acquired a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $54,000. Norges Bank bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $8,650,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at $442,000. Corient Private Wealth LLC lifted its position in shares of Sprouts Farmers Market by 11.0% during the 4th quarter. Corient Private Wealth LLC now owns 40,330 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,986 shares during the period. Finally, Trexquant Investment LP boosted its stake in Sprouts Farmers Market by 696.6% during the fourth quarter. Trexquant Investment LP now owns 108,084 shares of the company’s stock worth $5,200,000 after acquiring an additional 94,516 shares in the last quarter.

Insider Activity

In other Sprouts Farmers Market news, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the transaction, the insider now owns 14,293 shares in the company, valued at approximately $1,462,030.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Scott Neal sold 6,535 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the completion of the transaction, the insider now owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. Insiders sold a total of 123,221 shares of company stock valued at $12,130,609 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SFM shares. Bank of America upped their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Finally, UBS Group lifted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $99.22.

Sprouts Farmers Market Price Performance

SFM opened at $105.44 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $39.50 and a 1 year high of $107.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 3.03 and a beta of 0.56. The firm’s fifty day moving average price is $95.80 and its two-hundred day moving average price is $80.19.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal 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.