Callan Family Office LLC Acquires New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Callan Family Office LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,438 shares of the company’s stock, valued at approximately $437,000.

Several other hedge funds have also recently bought and sold shares of SFM. Congress Asset Management Co. raised its position in shares of Sprouts Farmers Market by 94.9% in the fourth quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after purchasing an additional 632,523 shares during the period. Wellington Management Group LLP acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at $18,259,000. Raymond James Financial Inc. bought a new position in Sprouts Farmers Market in the 4th quarter worth $19,926,000. JPMorgan Chase & Co. raised its holdings in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after acquiring an additional 156,175 shares during the period. Finally, Citigroup Inc. lifted its position in Sprouts Farmers Market by 137.7% during the 3rd quarter. Citigroup Inc. now owns 249,914 shares of the company’s stock worth $27,593,000 after acquiring an additional 144,761 shares during the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $136.97 on Monday. The firm has a market capitalization of $13.50 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. 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 $60.46 and a 12-month high of $178.99. The firm has a 50-day moving average price of $150.28 and a 200 day moving average price of $133.42.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results 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 return on equity of 29.86% and a net margin of 4.93%. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SFM. BMO Capital Markets lifted their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. UBS Group lifted their price target on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” 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, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $154.00.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction 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 sale, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,264 shares of company stock worth $6,995,193 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.