Point72 DIFC Ltd Invests $960,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 DIFC Ltd bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,479 shares of the company’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth about $26,000. Crewe Advisors LLC raised its position in shares of Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth approximately $29,000. Hanseatic Management Services Inc. bought a new position in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $63,000. Finally, Parallel Advisors LLC lifted its position in shares of 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 period.

Sprouts Farmers Market Trading Down 0.2 %

NASDAQ:SFM opened at $108.68 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.88 billion, a P/E ratio of 37.48, a P/E/G ratio of 3.10 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 52 week low of $39.76 and a 52 week high of $109.17. The company has a fifty day moving average of $97.23 and a 200 day moving average of $81.36.

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

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The disclosure for this sale can be found here. Insiders have sold 123,221 shares of company stock worth $12,130,609 in the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SFM shares. Melius Research started coverage on shares of Sprouts Farmers Market in a report on Monday. They issued a “hold” rating and a $105.00 target price on the stock. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective on the stock. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group boosted their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $99.80.

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.