Hodges Capital Management Inc. Invests $1.56 Million in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hodges Capital Management Inc. purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 74,273 shares of the company’s stock, valued at approximately $1,555,000.

Other hedge funds have also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board raised its position in shares of Sprouts Farmers Market by 30.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 28,100 shares of the company’s stock valued at $522,000 after buying an additional 6,600 shares during the period. AXA raised its position in Sprouts Farmers Market by 121.6% in the first quarter. AXA now owns 89,242 shares of the company’s stock valued at $1,659,000 after purchasing an additional 48,967 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Sprouts Farmers Market in the second quarter valued at approximately $527,000. APG Asset Management N.V. raised its position in Sprouts Farmers Market by 297.7% in the first quarter. APG Asset Management N.V. now owns 426,300 shares of the company’s stock valued at $8,178,000 after purchasing an additional 319,100 shares during the period. Finally, Fulton Bank N. A. raised its position in Sprouts Farmers Market by 4.2% in the third quarter. Fulton Bank N. A. now owns 13,042 shares of the company’s stock valued at $273,000 after purchasing an additional 521 shares during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SFM stock opened at $21.88 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $21.72 and a 200 day moving average price of $23.14. The company has a market cap of $2.58 billion, a P/E ratio of 11.89, a PEG ratio of 1.10 and a beta of 0.06. Sprouts Farmers Market, Inc. has a 12 month low of $13.00 and a 12 month high of $28.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Sprouts Farmers Market had a net margin of 3.56% and a return on equity of 34.45%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 2.12 EPS for the current year.

In other news, Director Joel D. Anderson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $23.95 per share, for a total transaction of $119,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

A number of analysts have issued reports on SFM shares. UBS Group boosted their target price on Sprouts Farmers Market from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Zacks Investment Research lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research report on Tuesday, October 6th. Credit Suisse Group started coverage on Sprouts Farmers Market in a research report on Thursday, August 6th. They issued a “hold” rating and a $26.00 target price on the stock. Goldman Sachs Group started coverage on Sprouts Farmers Market in a research report on Tuesday, July 21st. They issued a “neutral” rating and a $26.00 target price on the stock. Finally, ValuEngine lowered Sprouts Farmers Market from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.93.

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, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items.

Read More: What causes a yield curve to invert?

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.