Robeco Institutional Asset Management B.V. Trims Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,641 shares of the company's stock after selling 15,384 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of Sprouts Farmers Market worth $24,471,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in Sprouts Farmers Market in the 1st quarter valued at about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Sprouts Farmers Market by 8.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company's stock worth $39,748,000 after acquiring an additional 48,225 shares during the last quarter. Inspire Investing LLC grew its holdings in Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company's stock worth $1,684,000 after acquiring an additional 11,508 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company's stock valued at $1,405,000 after purchasing an additional 6,286 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at $623,000.

Sprouts Farmers Market Price Performance

Shares of SFM stock traded up $4.77 during midday trading on Wednesday, reaching $140.86. 1,641,683 shares of the company traded hands, compared to its average volume of 1,335,428. The firm has a market cap of $14.08 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm's 50 day simple moving average is $112.27 and its two-hundred day simple moving average is $93.07. Sprouts Farmers Market, Inc. has a 1-year low of $39.98 and a 1-year high of $142.29.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm 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%. Sprouts Farmers Market's revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SFM shares. Wells Fargo & Company boosted their target price on shares of 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. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price objective for the company. Bank of America lifted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm lifted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $115.40.

Insider Buying and Selling

In other news, Director Joel D. Anderson sold 20,851 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the completion of the transaction, the director now directly owns 18,809 shares of the company's stock, valued at $1,808,673.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Joel D. Anderson sold 20,851 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the sale, the director now directly owns 18,809 shares in the company, valued at $1,808,673.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hari K. Avula sold 2,500 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $96.50, for a total value of $241,250.00. Following the sale, the director now directly owns 10,554 shares in the company, valued at approximately $1,018,461. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,999 shares of company stock worth $8,148,868 in the last three months. Corporate 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.