Kendall Capital Management Has $1.52 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Kendall Capital Management lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 10.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,960 shares of the company’s stock after selling 1,330 shares during the quarter. Kendall Capital Management’s holdings in Sprouts Farmers Market were worth $1,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC boosted its holdings 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 worth $34,000 after buying an additional 130 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares during the period.

Sprouts Farmers Market Price Performance

SFM stock opened at $136.97 on Friday. The company has a 50 day simple moving average of $150.28 and a 200 day simple moving average of $133.17. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1 year low of $60.46 and a 1 year high of $178.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the transaction, the director now owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,264 shares of company stock worth $6,995,193 in the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SFM has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm boosted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $154.00.

Sprouts Farmers Market 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.