BNP Paribas Financial Markets Has $8.61 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

BNP Paribas Financial Markets trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 55.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,981 shares of the company's stock after selling 95,469 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Sprouts Farmers Market worth $8,610,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at $220,000. Independent Advisor Alliance bought a new position in Sprouts Farmers Market in the 3rd quarter valued at about $225,000. Harvest Fund Management Co. Ltd raised its holdings in Sprouts Farmers Market by 5.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 11,223 shares of the company's stock valued at $1,239,000 after acquiring an additional 629 shares during the period. Centaurus Financial Inc. acquired a new stake in Sprouts Farmers Market during the third quarter worth approximately $149,000. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth approximately $512,000.

Insiders Place Their Bets

In related 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 directly owns 11,184 shares of the company's stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dustin Hamilton sold 1,997 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the sale, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,802 shares of company stock valued at $3,887,838 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SFM. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Bank of America boosted their target price on shares of 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 raised their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a "hold" rating and a $105.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $118.40.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded down $0.83 during midday trading on Tuesday, reaching $150.09. The company's stock had a trading volume of 616,934 shares, compared to its average volume of 1,335,411. The stock has a market cap of $15.01 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 2.33 and a beta of 0.58. 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, Inc. has a 52 week low of $44.02 and a 52 week high of $155.64. The business has a 50-day moving average price of $128.03 and a 200-day moving average price of $102.77.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during 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%. The firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Sprouts Farmers Market Company 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.