Inspire Investing LLC has acquired a new stake in the shares of Sprouts Farmers Market, Inc. (NASDAQ: GDF – Get a rating) in the first trimester, HoldingsChannel.com reports. The fund acquired 7,381 shares of the company, valued at around $236,000.
Other institutional investors and hedge funds have also recently changed their positions in the company. Guardian Wealth Management Inc. acquired a new stake in Sprouts Farmers Market during Q4 worth approximately $25,000. Sterling Investment Advisors Ltd. bought a new stock position in Sprouts Farmers Market during Q4, valued at around $27,000. UMB Bank NA MO bought a new stock position in Sprouts Farmers Market during Q4, valued at around $28,000. CWM LLC purchased a new stock position in Sprouts Farmers Market during Q4, valued at approximately $44,000. Finally, Retirement Planning Co of New England Inc. bought a new stock position in Sprouts Farmers Market during Q4, valued at around $52,000.
In other news, Insider Giliam Phipps sold 2,364 shares of Sprouts Farmers Market in a trade on Friday, May 13. The stock was sold at an average price of $24.96, for a total transaction of $59,005.44. Following the completion of the sale, the insider now directly owns 28,272 shares of the company, valued at $705,669.12. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CEO Jack Sinclair sold 26,536 shares of Sprouts Farmers Market in a trade on Monday, June 27. The stock was sold at an average price of $25.65, for a total value of $680,648.40. Following the sale, the CEO now owns 293,591 shares of the company, valued at $7,530,609.15. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 30,198 shares of the company valued at $772,247. 0.71% of the shares are held by insiders.
A number of research firms have recently commented on SFM. Bank of America downgraded Sprouts Farmers Market from a “buy” rating to an “underperform” rating and lowered its target price for the company from $40.00 to $25.00 in a Thursday 5 research report may. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Saturday, April 16. Three equity research analysts rated the stock with a sell rating, one issued a hold rating and two assigned the company a buy rating. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $27.33.
Shares of SFM opened at $27.09 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 12.37, a P/E/G ratio of 1.69 and a beta of 0.40. The company has a fifty-day moving average of $25.85 and a 200-day moving average of $28.75. Sprouts Farmers Market, Inc. has a 52-week low of $21.18 and a 52-week high of $35.34. The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt ratio of 0.26.
Cabbage growers market (NASDAQ: GDF – Get a rating) last released its quarterly results on Wednesday, May 4. The company reported earnings per share (EPS) of $0.79 for the quarter, beating analyst consensus estimates of $0.72 by $0.07. The company posted revenue of $1.64 billion in the quarter, versus a consensus estimate of $1.65 billion. Sprouts Farmers Market posted a return on equity of 25.65% and a net margin of 4.05%. Sprouts Farmers Market revenue increased 4.2% year over year. During the same period last year, the company earned earnings per share of $0.70. As a group, research analysts expect Sprouts Farmers Market, Inc. to post earnings per share of 2.16 for the current fiscal year.
About Sprouts Farmers Market (Get a rating)
Sprouts Farmers Market, Inc offers fresh, natural and organic food products in the United States. The Company offers perishable product categories including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as groceries, vitamins and supplements, bulk goods, frozen foods, beer and wine, and natural health products and body care.
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