Maverick Capital Ltd. Has $1.22 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Maverick Capital Ltd. lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 81.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,045 shares of the company's stock after selling 47,008 shares during the quarter. Maverick Capital Ltd.'s holdings in Sprouts Farmers Market were worth $1,219,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Crewe Advisors LLC lifted its stake in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the second quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $38,000. Finally, Quarry LP raised its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares during the period.

Sprouts Farmers Market Stock Performance

SFM stock traded up $2.51 during trading hours on Friday, reaching $154.48. The stock had a trading volume of 873,829 shares, compared to its average volume of 1,413,160. The stock has a 50-day simple moving average of $127.19 and a 200 day simple moving average of $102.07. Sprouts Farmers Market, Inc. has a fifty-two week low of $41.27 and a fifty-two week high of $155.64. The stock has a market capitalization of $15.45 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 2.33 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.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on SFM. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Bank of America upped their price objective 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. BMO Capital Markets lifted their target price on 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. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 price target for the company. Finally, Wells Fargo & Company lifted 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 report on Thursday, October 31st. Eight equities 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.com, Sprouts Farmers Market has an average rating of "Hold" and an average target price of $115.40.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total transaction 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 $22,485,650.88. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dustin Hamilton sold 1,997 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 26,172 shares in the company, valued at $2,596,262.40. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,516 shares of company stock worth $4,465,466. 1.10% of the stock is owned by company insiders.

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.