Sprouts Farmers Market, Inc. (NASDAQ:SFM) is Harbor Capital Advisors Inc.'s 4th Largest Position

Harbor Capital Advisors Inc. grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 98.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,313 shares of the company's stock after buying an additional 108,059 shares during the period. Sprouts Farmers Market accounts for approximately 1.0% of Harbor Capital Advisors Inc.'s holdings, making the stock its 4th biggest position. Harbor Capital Advisors Inc. owned 0.22% of Sprouts Farmers Market worth $23,994,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC raised its position in shares of Sprouts Farmers Market by 5,367.6% in the 3rd quarter. Fortitude Family Office LLC now owns 3,718 shares of the company's stock worth $411,000 after purchasing an additional 3,650 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at $211,000. State of Alaska Department of Revenue lifted its holdings in shares of Sprouts Farmers Market by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 17,557 shares of the company's stock valued at $1,938,000 after purchasing an additional 610 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Sprouts Farmers Market by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 171,005 shares of the company's stock worth $18,395,000 after purchasing an additional 1,786 shares during the period. Finally, Consolidated Portfolio Review Corp purchased a new stake in Sprouts Farmers Market during the third quarter valued at $245,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group raised 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. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 target price on the stock. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a report on Monday, July 29th. Finally, BMO Capital Markets increased their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $115.40.

Sprouts Farmers Market Trading Up 1.4 %

NASDAQ:SFM traded up $1.78 during mid-day trading on Friday, hitting $130.21. 2,282,329 shares of the stock traded hands, compared to its average volume of 1,206,718. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $39.98 and a 52 week high of $135.10. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 2.73 and a beta of 0.54. The firm's 50 day moving average is $110.21 and its two-hundred day moving average is $91.55.

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. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.65 EPS. Sprouts Farmers Market's quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.67 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares of the company's stock, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Dustin Hamilton sold 921 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the sale, the insider now directly owns 25,251 shares of the company's stock, valued at $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.41, for a total transaction of $642,310.74. Following the transaction, the chief executive officer now directly owns 211,004 shares in the company, valued at $23,718,959.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,543 shares of company stock worth $5,751,870. 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.