Reinhart Partners LLC. Sells 98,300 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Reinhart Partners LLC. lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,011 shares of the company's stock after selling 98,300 shares during the period. Reinhart Partners LLC. owned approximately 0.23% of Sprouts Farmers Market worth $28,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in Sprouts Farmers Market by 15.4% during 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. Geode Capital Management LLC lifted its stake in Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company's stock valued at $275,634,000 after acquiring an additional 56,161 shares in the last quarter. Marshall Wace LLP boosted its holdings in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock worth $130,107,000 after acquiring an additional 973,666 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sprouts Farmers Market by 13.1% in 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 last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Sprouts Farmers Market by 2.8% in the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company's stock valued at $88,138,000 after purchasing an additional 28,636 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total value of $794,188.86. Following the sale, the chief executive officer now directly owns 158,148 shares of the company's stock, valued at approximately $21,980,990.52. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the sale, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,934 shares of company stock valued at $8,370,950. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 0.5 %

Shares of SFM stock traded up $0.64 on Monday, hitting $138.62. 977,779 shares of the company's stock traded hands, compared to its average volume of 1,426,740. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 2.23 and a beta of 0.63. The company's fifty day simple moving average is $141.49 and its 200 day simple moving average is $115.06. Sprouts Farmers Market, Inc. has a one year low of $48.98 and a one year 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.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SFM shares. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of 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. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.40.

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.