BlueCrest Capital Management Ltd acquired a new stake in shares of Sprouts Farmers Market Inc (NASDAQ:SFM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 67,009 shares of the company’s stock, valued at approximately $1,632,000.
Other large investors have also made changes to their positions in the company. Sadoff Investment Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $223,000. Acadian Asset Management LLC bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $224,000. State of Alaska Department of Revenue bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $233,000. Suntrust Banks Inc. bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $245,000. Finally, Stifel Financial Corp acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at about $247,000. 90.96% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Amin N. Maredia sold 142,454 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $25.43, for a total transaction of $3,622,605.22. Following the completion of the sale, the chief executive officer now directly owns 388,311 shares of the company’s stock, valued at $9,874,748.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shon A. Boney sold 848,409 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.72, for a total transaction of $20,972,670.48. Following the sale, the director now directly owns 478,965 shares of the company’s stock, valued at $11,840,014.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,675,741 shares of company stock valued at $43,621,557. Company insiders own 2.60% of the company’s stock.
Shares of Sprouts Farmers Market Inc (NASDAQ SFM) opened at $25.23 on Monday. The firm has a market cap of $3,363.44, a P/E ratio of 22.13, a PEG ratio of 1.53 and a beta of 0.84. Sprouts Farmers Market Inc has a one year low of $17.55 and a one year high of $28.29. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.73.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. research analysts anticipate that Sprouts Farmers Market Inc will post 1.27 earnings per share for the current year.
Sprouts Farmers Market announced that its board has approved a stock repurchase plan on Thursday, February 22nd that allows the company to buyback $350.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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