29,451 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by SpiderRock Advisors LLC

SpiderRock Advisors LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 29,451 shares of the company's stock, valued at approximately $3,252,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company's stock worth $690,966,000 after purchasing an additional 29,362 shares during the last quarter. Renaissance Technologies LLC grew its position 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 worth $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 valued at $130,107,000 after acquiring an additional 973,666 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sprouts Farmers Market by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company's stock valued at $96,080,000 after acquiring an additional 6,085 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Sprouts Farmers Market by 2.8% during the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company's stock worth $88,138,000 after acquiring an additional 28,636 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ SFM traded up $4.50 during mid-day trading on Friday, hitting $145.15. The stock had a trading volume of 1,388,805 shares, compared to its average volume of 1,375,750. Sprouts Farmers Market, Inc. has a 52-week low of $39.98 and a 52-week high of $146.27. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 2.19 and a beta of 0.54. The company has a 50 day simple moving average of $113.85 and a 200 day simple moving average of $94.35. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data 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 return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $0.65 EPS. Sprouts Farmers Market's quarterly revenue was up 13.6% on a year-over-year basis. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Roth Mkm raised their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, July 29th. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a "hold" rating and a $105.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $115.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the firm's stock in a transaction 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 transaction, the insider now owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction 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 sale, the insider now owns 11,184 shares of the company's stock, valued at $1,483,669.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the completion of the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at approximately $22,485,650.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,148 shares of company stock valued at $6,143,836. 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.