Pier Capital LLC Has $5.69 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Pier Capital LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 60.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,501 shares of the company's stock after selling 77,982 shares during the period. Pier Capital LLC owned approximately 0.05% of Sprouts Farmers Market worth $5,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Crewe Advisors LLC boosted its holdings 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 purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market in the second quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter worth approximately $38,000. Finally, Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after buying an additional 442 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the sale, the insider now directly owns 26,172 shares of the company's stock, valued at approximately $2,596,262.40. This represents a 7.09 % 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, insider Joseph L. Hurley sold 4,956 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,483,669.44. This represents a 30.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,152 shares of company stock worth $3,940,377. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SFM. StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 price objective on the stock. BMO Capital Markets raised their price objective 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. Melius Research assumed coverage on 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, The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus target price of $118.40.

Sprouts Farmers Market Trading Down 0.4 %

Shares of SFM traded down $0.67 during mid-day trading on Friday, reaching $151.04. The company had a trading volume of 1,114,631 shares, compared to its average volume of 1,285,340. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 43.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.58. The firm has a fifty day simple moving average of $131.48 and a 200-day simple moving average of $104.83. Sprouts Farmers Market, Inc. has a fifty-two week low of $45.29 and a fifty-two week high of $155.64.

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 for the quarter, topping 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company's revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.