Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Reduced by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 49.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,980 shares of the company's stock after selling 4,912 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Sprouts Farmers Market were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC grew its holdings 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 valued at $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market in the third quarter worth approximately $38,000. Finally, Quarry LP boosted its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the transaction, the insider now directly owns 26,172 shares in the company, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,802 shares of company stock worth $3,887,838 over the last quarter. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

SFM traded up $0.20 on Tuesday, hitting $151.12. 1,398,708 shares of the company were exchanged, compared to its average volume of 1,338,870. The business's fifty day moving average is $128.88 and its 200 day moving average is $103.28. Sprouts Farmers Market, Inc. has a fifty-two week low of $44.02 and a fifty-two week high of $155.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market capitalization of $15.11 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during 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%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on SFM. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 price objective on the stock. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $118.40.

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.