Bryce Point Capital LLC Invests $431,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bryce Point Capital LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,388 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC raised its position in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the 4th quarter worth $51,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Sprouts Farmers Market by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 460 shares of the company’s stock worth $58,000 after purchasing an additional 114 shares during the period.

Sprouts Farmers Market Stock Down 5.2 %

NASDAQ:SFM opened at $145.29 on Friday. The stock has a 50-day simple moving average of $152.55 and a 200 day simple moving average of $138.96. Sprouts Farmers Market, Inc. has a 52-week low of $61.61 and a 52-week high of $178.99. The company has a market cap of $14.24 billion, a PE ratio of 38.64, a PEG ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI reduced their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $160.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $167.00.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total transaction of $302,680.00. Following the sale, the insider now directly owns 13,263 shares of the company’s stock, valued at approximately $2,007,222.42. This represents a 13.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $122,303.80. Following the completion of the sale, the vice president now owns 9,347 shares of the company’s stock, valued at approximately $1,284,464.74. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,784 shares of company stock worth $13,534,466 in the last three months. Insiders own 1.10% of the company’s stock.

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.