Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,698 shares of the company's stock after selling 5,242 shares during the quarter. Foster & Motley Inc.'s holdings in Sprouts Farmers Market were worth $2,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SFM. Marshall Wace LLP grew its position in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock worth $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 worth $371,295,000 after acquiring an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Sprouts Farmers Market by 2,577.7% in the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company's stock valued at $49,980,000 after purchasing an additional 435,767 shares in the last quarter. Hennessy Advisors Inc. raised 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 worth $67,271,000 after acquiring an additional 235,100 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company's stock valued at $18,727,000 after purchasing an additional 169,888 shares during the period.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded down $0.86 during trading hours on Thursday, hitting $140.00. The company's stock had a trading volume of 662,304 shares, compared to its average volume of 1,332,312. Sprouts Farmers Market, Inc. has a 12-month low of $39.98 and a 12-month high of $142.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market cap of $14.00 billion, a PE ratio of 40.71, a PEG ratio of 1.99 and a beta of 0.54. The business has a 50 day moving average price of $112.27 and a two-hundred day moving average price of $93.07.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America lifted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $115.40.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the transaction, the director now owns 18,809 shares in the company, valued at approximately $1,808,673.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Kristen E. Blum sold 2,000 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the sale, the director now owns 51,627 shares in the company, valued at $5,162,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the transaction, the director now owns 18,809 shares of the company's stock, valued at approximately $1,808,673.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,999 shares of company stock valued at $8,148,868. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market 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.