Entropy Technologies LP Has $2 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Entropy Technologies LP cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,733 shares of the company's stock after selling 2,039 shares during the period. Entropy Technologies LP's holdings in Sprouts Farmers Market were worth $1,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFM. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC lifted its stake in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market during the third quarter worth about $38,000. Finally, First Horizon Advisors Inc. increased its position in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $40,000 after buying an additional 162 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded up $0.93 on Monday, reaching $168.90. 1,220,044 shares of the stock were exchanged, compared to its average volume of 1,258,369. The firm's 50 day moving average is $144.46 and its 200-day moving average is $125.33. The firm has a market cap of $16.89 billion, a PE ratio of 48.82, a P/E/G ratio of 2.25 and a beta of 0.63. 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, Inc. has a one year low of $50.89 and a one year high of $170.50.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company's stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 2,915 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the sale, the chief executive officer now directly owns 143,669 shares in the company, valued at $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock worth $6,323,731 over the last three months. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SFM shares. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, Evercore ISI lifted their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $119.40.

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.