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

Pier Capital LLC cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,483 shares of the company's stock after selling 12,967 shares during the quarter. Sprouts Farmers Market comprises 1.6% of Pier Capital LLC's portfolio, making the stock its 7th biggest position. Pier Capital LLC owned about 0.13% of Sprouts Farmers Market worth $10,833,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in Sprouts Farmers Market by 411.4% in the fourth quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company's stock valued at $74,013,000 after buying an additional 1,237,610 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Sprouts Farmers Market in the fourth quarter worth $23,992,000. Goldman Sachs Group Inc. raised its stake in shares of Sprouts Farmers Market by 36.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company's stock valued at $71,135,000 after acquiring an additional 398,901 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company's stock valued at $216,419,000 after acquiring an additional 297,067 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $13,840,000.

Sprouts Farmers Market Stock Down 0.8 %

NASDAQ SFM traded down $0.85 during trading hours on Wednesday, reaching $100.70. 1,208,345 shares of the company traded hands, compared to its average volume of 1,126,738. The stock has a market capitalization of $10.08 billion, a PE ratio of 34.72, a PEG ratio of 2.81 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $39.24 and a 12 month high of $104.41. The company has a 50 day moving average of $92.72 and a two-hundred day moving average of $78.36.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company's stock, valued at $2,651,373.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now owns 27,188 shares of the company's stock, valued at $2,651,373.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,939 shares of company stock worth $12,571,295. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

SFM has been the topic of several research reports. BMO Capital Markets raised Sprouts Farmers Market from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. Bank of America raised their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Wells Fargo & Company upgraded Sprouts Farmers Market from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the company an "in-line" rating in a research note on Tuesday, July 30th. Finally, UBS Group boosted their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a "neutral" rating in a research report on Friday, June 28th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $95.25.

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.