6 Meridian Reduces Stake in Sprouts Farmers Market Inc (SFM)

6 Meridian trimmed its position in Sprouts Farmers Market Inc (NASDAQ:SFM) by 9.1% in the first quarter, Holdings Channel reports. The fund owned 19,303 shares of the company’s stock after selling 1,930 shares during the quarter. 6 Meridian’s holdings in Sprouts Farmers Market were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SFM. Global Retirement Partners LLC lifted its stake in shares of Sprouts Farmers Market by 100.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,245 shares of the company’s stock valued at $29,000 after acquiring an additional 625 shares during the last quarter. Quantamental Technologies LLC bought a new position in Sprouts Farmers Market during the 4th quarter worth $37,000. Oregon Public Employees Retirement Fund raised its position in Sprouts Farmers Market by 2,356.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,188,148 shares of the company’s stock worth $51,000 after purchasing an additional 1,139,777 shares during the last quarter. Acadian Asset Management LLC raised its position in Sprouts Farmers Market by 143.0% during the 4th quarter. Acadian Asset Management LLC now owns 2,211 shares of the company’s stock worth $52,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Sprouts Farmers Market during the 4th quarter worth $81,000. Institutional investors own 97.00% of the company’s stock.

In other news, insider Theodore Edward Frumkin II sold 3,106 shares of Sprouts Farmers Market stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.95, for a total value of $71,282.70. Following the completion of the transaction, the insider now directly owns 31,826 shares of the company’s stock, valued at approximately $730,406.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn R. Gensch sold 3,310 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.96, for a total value of $75,997.60. Following the completion of the transaction, the insider now directly owns 22,917 shares of the company’s stock, valued at $526,174.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,394 shares of company stock valued at $1,020,298. Corporate insiders own 0.70% of the company’s stock.

SFM stock opened at $21.36 on Tuesday. Sprouts Farmers Market Inc has a 1-year low of $20.63 and a 1-year high of $29.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.08 and a quick ratio of 0.22. The stock has a market capitalization of $2.64 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.71 and a beta of 0.49.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Sprouts Farmers Market had a return on equity of 27.02% and a net margin of 3.04%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.16 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts expect that Sprouts Farmers Market Inc will post 1.2 earnings per share for the current year.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Barclays reaffirmed a “hold” rating and set a $25.00 target price on shares of Sprouts Farmers Market in a research report on Wednesday, January 9th. BidaskClub lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Buckingham Research assumed coverage on Sprouts Farmers Market in a research report on Thursday, February 7th. They set a “neutral” rating and a $23.75 target price for the company. Finally, Northcoast Research lowered Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $26.21.

WARNING: This report was originally reported by Markets Daily and is the property of of Markets Daily. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.themarketsdaily.com/2019/04/16/6-meridian-reduces-stake-in-sprouts-farmers-market-inc-sfm.html.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

Featured Story: Institutional Investors

Want to see what other hedge funds are holding SFM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprouts Farmers Market Inc (NASDAQ:SFM).

Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.