Systematic Financial Management LP Acquires Shares of 56,280 Sprouts Farmers Market Inc (SFM)

Systematic Financial Management LP acquired a new stake in Sprouts Farmers Market Inc (NASDAQ:SFM) during the first quarter, HoldingsChannel.com reports. The fund acquired 56,280 shares of the company’s stock, valued at approximately $1,212,000.

A number of other large investors have also recently made changes to their positions in SFM. Global Retirement Partners LLC increased its stake in Sprouts Farmers Market by 100.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock valued at $29,000 after acquiring an additional 625 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $37,000. Oregon Public Employees Retirement Fund grew its stake in shares of Sprouts Farmers Market by 2,356.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock worth $51,000 after buying an additional 1,139,777 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Sprouts Farmers Market by 143.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock worth $52,000 after buying an additional 1,301 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Sprouts Farmers Market during the first quarter worth $55,000. 97.00% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SFM opened at $20.98 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.20 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market Inc has a fifty-two week low of $20.58 and a fifty-two week high of $29.67. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.76 and a beta of 0.48.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Sprouts Farmers Market had a net margin of 2.78% and a return on equity of 26.41%. The company had revenue of $413.90 million for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Sprouts Farmers Market’s revenue for the quarter was down 67.8% on a year-over-year basis. As a group, sell-side analysts predict that Sprouts Farmers Market Inc will post 1.22 earnings per share for the current year.

In related news, insider Theodore Edward Frumkin II sold 3,106 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.95, for a total value of $71,282.70. Following the sale, the insider now owns 31,826 shares of the company’s stock, valued at $730,406.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn R. Gensch sold 3,310 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total transaction of $75,997.60. Following the completion of the sale, the insider now directly owns 22,917 shares in the company, valued at approximately $526,174.32. The disclosure for this sale can be found here. In the last three months, insiders sold 44,394 shares of company stock worth $1,020,298. 0.70% of the stock is currently owned by insiders.

A number of research firms have weighed in on SFM. BidaskClub cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Buckingham Research began coverage on shares of Sprouts Farmers Market in a research note on Thursday, February 7th. They set a “neutral” rating and a $23.75 target price on the stock. Northcoast Research cut shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, TheStreet cut shares of Sprouts Farmers Market from a “b” rating to a “c+” rating in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Sprouts Farmers Market has an average rating of “Hold” and an average target price of $26.10.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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