Burr Financial Services LLC Buys New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Burr Financial Services LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,820 shares of the company’s stock, valued at approximately $485,000. Sprouts Farmers Market comprises about 0.3% of Burr Financial Services LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds have also recently bought and sold shares of SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. First Horizon Advisors Inc. boosted its stake 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 acquiring an additional 162 shares during the period. Quarry LP increased its holdings in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, Park Place Capital Corp raised its stake in Sprouts Farmers Market by 3,607.7% in the 4th quarter. Park Place Capital Corp now owns 482 shares of the company’s stock valued at $61,000 after acquiring an additional 469 shares during the period.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Evercore ISI increased their price target 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. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America upped their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $118.40.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now directly owns 33,571 shares of the company’s stock, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock worth $8,778,152 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 0.5 %

Shares of Sprouts Farmers Market stock opened at $146.25 on Thursday. The firm’s 50-day moving average price is $141.42 and its two-hundred day moving average price is $118.10. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.94 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $48.98 and a 12-month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.