Aigen Investment Management LP Invests $976,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Aigen Investment Management LP acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,683 shares of the company’s stock, valued at approximately $976,000.

Other large investors also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market during the fourth quarter worth $31,000. Avior Wealth Management LLC increased its position in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares in the last quarter. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares in the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $144.71 on Thursday. The firm has a 50-day moving average of $149.69 and a 200-day moving average of $132.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market cap of $14.27 billion, a PE ratio of 38.49, a P/E/G ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $138.99, for a total value of $794,188.86. Following the transaction, the chief executive officer now directly owns 158,148 shares of the company’s stock, valued at $21,980,990.52. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,264 shares of company stock worth $6,271,193 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Bank of America increased their price target 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. Finally, Roth Mkm increased their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market presently 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.