Edgestream Partners L.P. Purchases Shares of 23,909 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Edgestream Partners L.P. acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,909 shares of the company's stock, valued at approximately $2,640,000.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in shares of Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock valued at $130,107,000 after buying an additional 973,666 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company's stock valued at $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Sprouts Farmers Market by 2,577.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company's stock worth $49,980,000 after purchasing an additional 435,767 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $31,712,000. Finally, Hennessy Advisors Inc. boosted its position in shares of Sprouts Farmers Market by 41.3% during the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company's stock valued at $67,271,000 after buying an additional 235,100 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SFM shares. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. The Goldman Sachs Group raised their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Bank of America boosted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $118.40.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $0.20 during mid-day trading on Tuesday, hitting $151.12. The stock had a trading volume of 1,398,708 shares, compared to its average volume of 1,338,870. Sprouts Farmers Market, Inc. has a 52 week low of $44.02 and a 52 week high of $155.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a fifty day moving average price of $128.03 and a 200-day moving average price of $102.77. The firm has a market cap of $15.11 billion, a P/E ratio of 43.68, a PEG ratio of 2.28 and a beta of 0.58.

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

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 1,997 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40. Following the sale, the insider now owns 26,172 shares of the company's stock, valued at approximately $2,596,262.40. This represents a 7.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now directly owns 199,576 shares of the company's stock, valued at $26,463,777.60. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,802 shares of company stock worth $3,887,838. 1.10% of the stock is owned by corporate insiders.

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.