GSA Capital Partners LLP decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 72.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,193 shares of the company's stock after selling 11,239 shares during the period. GSA Capital Partners LLP's holdings in Sprouts Farmers Market were worth $463,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $38,000. Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in Sprouts Farmers Market during the third quarter worth about $60,000.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on SFM shares. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average price target of $115.40.
Check Out Our Latest Stock Analysis on Sprouts Farmers Market
Insider Buying and Selling
In related news, Director Kristen E. Blum sold 2,000 shares of the firm'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 directly owns 51,627 shares of the company's stock, valued at $5,162,700. This trade represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dustin Hamilton sold 5,097 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $102.00, for a total value of $519,894.00. Following the transaction, the insider now directly owns 26,138 shares of the company's stock, valued at approximately $2,666,076. The trade was a 16.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,148 shares of company stock worth $5,853,826. Corporate insiders own 1.10% of the company's stock.
Sprouts Farmers Market Price Performance
Sprouts Farmers Market stock opened at $142.75 on Thursday. The firm has a market cap of $14.27 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54. 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's fifty day moving average price is $120.80 and its two-hundred day moving average price is $98.40. Sprouts Farmers Market, Inc. has a one year low of $40.39 and a one year high of $148.56.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The company 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%. Sprouts Farmers Market's revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.
Sprouts Farmers Market Company Profile
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Free Report)
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.
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