984,649 Shares in Sprouts Farmers Market, Inc. (SFM) Acquired by ShearLink Capital LLC

ShearLink Capital LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, Holdings Channel reports. The fund acquired 984,649 shares of the company’s stock, valued at approximately $18,630,000. Sprouts Farmers Market comprises approximately 6.3% of ShearLink Capital LLC’s holdings, making the stock its 7th largest position. ShearLink Capital LLC owned approximately 0.69% of Sprouts Farmers Market as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SFM. Dynamic Technology Lab Private Ltd bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $631,000. Brown Advisory Inc. raised its position in Sprouts Farmers Market by 13.5% in the fourth quarter. Brown Advisory Inc. now owns 11,350 shares of the company’s stock valued at $215,000 after buying an additional 1,350 shares during the period. Elkfork Partners LLC bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $2,336,000. Gabelli Funds LLC raised its position in Sprouts Farmers Market by 5.5% in the fourth quarter. Gabelli Funds LLC now owns 96,100 shares of the company’s stock valued at $1,818,000 after buying an additional 5,000 shares during the period. Finally, Trexquant Investment LP bought a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $704,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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

Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) traded down 0.89% during mid-day trading on Tuesday, hitting $18.89. The company had a trading volume of 1,514,466 shares. Sprouts Farmers Market, Inc. has a one year low of $17.59 and a one year high of $30.00. The firm’s 50-day moving average price is $19.17 and its 200 day moving average price is $20.81. The company has a market capitalization of $2.69 billion, a P/E ratio of 21.25 and a beta of 0.58.

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SFM has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 target price on shares of Sprouts Farmers Market in a report on Monday, November 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 target price (down from $24.00) on shares of Sprouts Farmers Market in a report on Monday, November 7th. Bank of America Corporation set a $28.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a report on Sunday, November 6th. RBC Capital Markets set a $28.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a report on Tuesday, February 7th. Finally, Zacks Investment Research raised Sprouts Farmers Market from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.95.

In other Sprouts Farmers Market news, Director James Douglas Sanders sold 45,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $18.37, for a total transaction of $826,650.00. Following the completion of the sale, the director now owns 77,810 shares of the company’s stock, valued at approximately $1,429,369.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 270,000 shares of company stock valued at $5,178,600 in the last ninety days. Company insiders own 2.60% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer that offers natural and organic food, including produce, bulk foods, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. The Company categorizes its products as perishable and non-perishable. Its perishable product category includes produce, meat, seafood, deli and bakery.

5 Day Chart for NASDAQ:SFM

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).

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