Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Fmr LLC

FMR LLC decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,903,954 shares of the company's stock after selling 1,770,543 shares during the quarter. FMR LLC owned about 4.90% of Sprouts Farmers Market worth $541,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $25,000. Crewe Advisors LLC lifted its position in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after buying an additional 219 shares during the period. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after acquiring an additional 162 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on SFM. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 target price on the stock. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Thursday. Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a "hold" rating and a $105.00 price objective on the stock. Finally, BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of "Hold" and an average price target of $115.40.

Sprouts Farmers Market Stock Up 1.7 %

SFM traded up $2.51 on Friday, reaching $154.48. The company's stock had a trading volume of 873,806 shares, compared to its average volume of 1,338,457. Sprouts Farmers Market, Inc. has a 1 year low of $41.27 and a 1 year high of $155.64. The business's 50 day moving average is $126.21 and its 200 day moving average is $101.35. 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 stock has a market cap of $15.45 billion, a price-to-earnings ratio of 43.92, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.65 earnings per share. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares of the company's stock, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the transaction, the insider now directly owns 25,251 shares of the company's stock, valued at approximately $2,868,513.60. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,516 shares of company stock valued at $4,465,466. Insiders own 1.10% of the company's stock.

About Sprouts Farmers Market

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.