Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,910 shares of the company's stock after selling 7,770 shares during the period. Hillsdale Investment Management Inc.'s holdings in Sprouts Farmers Market were worth $6,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Sprouts Farmers Market by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock valued at $275,634,000 after purchasing an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock worth $149,020,000 after buying an additional 156,175 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock worth $165,034,000 after buying an additional 632,523 shares during the last quarter. American Century Companies Inc. raised its position in shares of Sprouts Farmers Market by 3.4% during the 4th quarter. American Century Companies Inc. now owns 1,107,739 shares of the company's stock valued at $140,760,000 after buying an additional 36,255 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Sprouts Farmers Market by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company's stock worth $125,430,000 after acquiring an additional 3,836 shares during the last quarter.

Remove Ads

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now owns 143,669 shares of the company's stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the transaction, the director now directly owns 28,571 shares in the company, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,784 shares of company stock valued at $13,231,786. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $0.08 during midday trading on Wednesday, hitting $149.78. The company's stock had a trading volume of 1,267,473 shares, compared to its average volume of 1,314,882. The company has a market cap of $14.68 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The business's 50 day simple moving average is $151.44 and its 200 day simple moving average is $136.79. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SFM. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group upped their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. Finally, Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and a consensus target price of $167.00.

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.