Point72 Asset Management L.P. Has $12.45 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Asset Management L.P. lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 77.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,777 shares of the company's stock after selling 380,826 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.11% of Sprouts Farmers Market worth $12,452,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company's stock valued at $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock worth $130,107,000 after buying an additional 973,666 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sprouts Farmers Market by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company's stock worth $96,080,000 after acquiring an additional 6,085 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Sprouts Farmers Market by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,053,531 shares of the company's stock valued at $88,138,000 after acquiring an additional 28,636 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 5.1% in the 3rd 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.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction 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 transaction, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dustin Hamilton sold 1,997 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 26,172 shares of the company's stock, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,152 shares of company stock valued at $3,940,377 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a report on Friday, October 25th. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Evercore ISI raised their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus target price of $118.40.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded down $0.67 during mid-day trading on Friday, reaching $151.04. The stock had a trading volume of 1,114,631 shares, compared to its average volume of 1,285,340. The firm's 50 day simple moving average is $131.48 and its 200 day simple moving average is $104.47. Sprouts Farmers Market, Inc. has a one year low of $45.29 and a one year high of $155.64. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.10 billion, a PE ratio of 43.65, a P/E/G ratio of 2.33 and a beta of 0.58.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business's quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current 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.