Dynamic Technology Lab Private Ltd Decreases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dynamic Technology Lab Private Ltd trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 16.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,855 shares of the company's stock after selling 3,835 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Sprouts Farmers Market were worth $2,082,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in Sprouts Farmers Market during the 1st quarter worth about $370,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Sprouts Farmers Market by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,691 shares of the company's stock valued at $625,000 after purchasing an additional 280 shares in the last quarter. Tidal Investments LLC purchased a new stake in Sprouts Farmers Market during the 1st quarter worth approximately $736,000. Hancock Whitney Corp lifted its holdings in Sprouts Farmers Market by 3.7% during the 1st quarter. Hancock Whitney Corp now owns 194,287 shares of the company's stock worth $12,528,000 after buying an additional 6,937 shares in the last quarter. Finally, EMC Capital Management boosted its position in Sprouts Farmers Market by 29.6% in the 1st quarter. EMC Capital Management now owns 19,581 shares of the company's stock valued at $1,263,000 after buying an additional 4,473 shares during the period.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock traded up $5.33 during trading on Tuesday, reaching $153.31. The company's stock had a trading volume of 1,441,378 shares, compared to its average volume of 1,338,881. The firm has a market cap of $15.33 billion, a PE ratio of 43.86, a P/E/G ratio of 2.22 and a beta of 0.54. The company has a 50-day moving average price of $123.41 and a two-hundred day moving average price of $100.09. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $41.27 and a fifty-two week high of $153.65.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SFM shares. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a report on Monday, July 29th. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Melius Research initiated coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a "hold" rating and a $105.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $115.40.

Insider Activity

In other news, insider Joseph L. Hurley sold 4,956 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares of the company's stock, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,051 shares of company stock valued at $5,133,932. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.