We’ve covered today’s Price T Rowe purchases in some detail so far today, and here’s one more. Unlike the others (aside from Valmont) this one’s not a biotech entity, but we know Price is a diverse allocator, so it’s not too much of a suprise.
In a just published Form 13 that the company filed with the SEC, Sprouts Farmers Market Inc. (NASDAQ:SFM) reported that Price T Rowe Associates Inc has picked up 18,901,800 of common stock as of 2016-12-12.
The acquisition brings the aggregate amount of Sprouts shares owned by Price T Rowe Associates Inc to a total of 18,901,800 representing a 13.2% stake in the company.
For those not familiar with the company, 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. Its non-perishable product category includes grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and body care and natural household items.
A glance at Sprouts Farmers Market Inc. (NASDAQ:SFM)’s key stats reveals a current market capitalization of $2.87 billion based on 142.33 million shares outstanding and a price at last close of $20.22 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-09-16, Lukow picked up 2,000 at a purchase price of $20.05. This brings their total holding to 40,525 as of the date of the filing.
On the sell side, the most recent transaction saw Lombardi unload 11,459 shares at a sale price of $21.03. This brings their total holding to 18,618.
We’ll be keeping an eye on Sprouts Farmers Market Inc. (NASDAQ:SFM) as things move forward to see if its progress aligns with these transactions.
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