Caprock Group LLC Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Caprock Group LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,375 shares of the company’s stock, valued at approximately $450,000.

Several other large investors have also recently added to or reduced their stakes in the business. Ironwood Investment Counsel LLC lifted its position in Sprouts Farmers Market by 3.8% during the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock worth $340,000 after buying an additional 195 shares during the period. Parallel Advisors LLC lifted its position in Sprouts Farmers Market by 11.7% during the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after buying an additional 208 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in Sprouts Farmers Market by 3.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after buying an additional 216 shares during the period. Crewe Advisors LLC lifted its position in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Finally, CreativeOne Wealth LLC increased its stake in Sprouts Farmers Market by 4.5% during the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock worth $247,000 after acquiring an additional 220 shares during the last quarter.

Sprouts Farmers Market Price Performance

SFM stock opened at $101.73 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a 1 year low of $39.24 and a 1 year high of $104.41. The firm has a market cap of $10.22 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 2.81 and a beta of 0.56. The stock has a 50-day simple moving average of $93.46 and a 200-day simple moving average of $78.68.

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

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the transaction, the chief executive officer now owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the transaction, the chief executive officer now owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Scott Neal sold 6,535 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 14,293 shares in the company, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,939 shares of company stock valued at $12,571,295. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday. They set a “sector perform” rating and a $107.00 price target for the company. UBS Group upped their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, Roth Mkm upped their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $96.56.

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.