Fruth Investment Management Grows Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Fruth Investment Management lifted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,050 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Fruth Investment Management’s holdings in Sprouts Farmers Market were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Sprouts Farmers Market by 26.9% in the third quarter. Victory Capital Management Inc. now owns 60,674 shares of the company’s stock valued at $1,270,000 after purchasing an additional 12,870 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sprouts Farmers Market by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,667 shares of the company’s stock valued at $17,156,000 after buying an additional 43,871 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Sprouts Farmers Market by 92.4% during the 3rd quarter. Pacer Advisors Inc. now owns 61,976 shares of the company’s stock valued at $1,297,000 after buying an additional 29,768 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Sprouts Farmers Market by 15.6% during the 3rd quarter. Engineers Gate Manager LP now owns 53,360 shares of the company’s stock worth $1,117,000 after acquiring an additional 7,215 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in Sprouts Farmers Market by 27.6% in the third quarter. Captrust Financial Advisors now owns 31,791 shares of the company’s stock valued at $673,000 after acquiring an additional 6,886 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

NASDAQ:SFM opened at $20.19 on Thursday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.09 and a beta of 0.12. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $20.13 and a 200 day moving average of $22.08. Sprouts Farmers Market, Inc. has a 52 week low of $13.00 and a 52 week high of $28.00.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Sprouts Farmers Market had a net margin of 3.56% and a return on equity of 34.45%. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 2.12 EPS for the current year.

Several brokerages have issued reports on SFM. Bank of America dropped their price target on Sprouts Farmers Market from $23.00 to $19.00 and set an “underperform” rating for the company in a research note on Thursday, October 29th. Credit Suisse Group dropped their target price on Sprouts Farmers Market from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, October 27th. Jefferies Financial Group assumed coverage on shares of Sprouts Farmers Market in a research report on Friday, November 20th. They set a “hold” rating and a $21.00 price target on the stock. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Tuesday, October 6th. Finally, BidaskClub raised shares of Sprouts Farmers Market from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 22nd. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.67.

In other Sprouts Farmers Market news, Director Joe Fortunato purchased 13,000 shares of the stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of $18.80 per share, with a total value of $244,400.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

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, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items.

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

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