Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Trimmed by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 29.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,046 shares of the company's stock after selling 12,720 shares during the quarter. Quantbot Technologies LP's holdings in Sprouts Farmers Market were worth $3,428,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Accent Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market in the third quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market in the second quarter valued at $29,000. Finally, First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after purchasing an additional 162 shares in the last quarter.

Analysts Set New Price Targets

SFM has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Thursday. Evercore ISI boosted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Melius Research started coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a "hold" rating and a $105.00 target price on the stock. 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 note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $115.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded down $1.34 during midday trading on Thursday, hitting $151.97. The company's stock had a trading volume of 1,676,385 shares, compared to its average volume of 1,340,478. The firm has a market cap of $15.20 billion, a P/E ratio of 43.92, a P/E/G ratio of 2.24 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 1-year low of $41.27 and a 1-year high of $154.55. The firm's fifty day moving average price is $125.28 and its 200-day moving average price is $101.00. 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 announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion for 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares of the company's stock, valued at $1,483,669.44. This represents a 30.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at $22,485,650.88. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,516 shares of company stock worth $4,465,466. 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.