Point72 DIFC Ltd Sells 5,433 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 DIFC Ltd decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 47.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,046 shares of the company's stock after selling 5,433 shares during the period. Point72 DIFC Ltd's holdings in Sprouts Farmers Market were worth $668,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at approximately $25,000. Crewe Advisors LLC boosted its position in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after buying an additional 219 shares during the period. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter worth $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market in the second quarter valued at about $29,000. Finally, First Horizon Advisors Inc. increased its position in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after acquiring an additional 162 shares during the period.

Sprouts Farmers Market Stock Down 0.4 %

NASDAQ:SFM traded down $0.67 during trading hours on Friday, reaching $151.04. 1,114,631 shares of the company traded hands, compared to its average volume of 1,333,931. Sprouts Farmers Market, Inc. has a 1 year low of $45.29 and a 1 year high of $155.64. The stock has a market capitalization of $15.10 billion, a P/E ratio of 43.65, a P/E/G ratio of 2.28 and a beta of 0.58. The business's 50-day moving average price is $131.48 and its two-hundred day moving average price is $104.47. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market's revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $118.40.

Insider Activity

In related news, Director Joseph D. O'leary sold 350 shares of the firm'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 sale, the director now owns 17,991 shares in the company, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The stock was 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 directly owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,152 shares of company stock worth $3,940,377 over the last 90 days. 1.10% of the stock is currently owned by insiders.

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.