Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Trimmed by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 324,845 shares of the company's stock after selling 13,369 shares during the quarter. Sprouts Farmers Market comprises about 4.5% of Penn Davis Mcfarland Inc.'s portfolio, making the stock its 6th largest position. Penn Davis Mcfarland Inc. owned about 0.32% of Sprouts Farmers Market worth $41,278,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Sprouts Farmers Market by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after purchasing an additional 156,175 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth about $13,348,000. SpiderRock Advisors LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth about $3,252,000. Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock valued at $108,561,000 after acquiring an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in Sprouts Farmers Market in the fourth quarter valued at approximately $1,517,000.

Wall Street Analysts Forecast Growth

SFM has been the subject of several recent research reports. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Melius Research started coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a "hold" rating and a $105.00 target price on the stock. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $118.40.

Insiders Place Their Bets

In other news, insider Joseph L. Hurley sold 4,956 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph D. O'leary sold 350 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the transaction, the director now owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,869 shares of company stock valued at $8,778,152 in the last three months. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM traded down $1.28 during mid-day trading on Monday, reaching $139.25. The company's stock had a trading volume of 1,343,105 shares, compared to its average volume of 1,167,050. The stock has a market capitalization of $13.92 billion, a P/E ratio of 40.25, a P/E/G ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1-year low of $48.98 and a 1-year high of $155.64. The stock has a 50-day moving average of $141.53 and a two-hundred day moving average of $117.05. 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 issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business's revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.