Harbor Capital Advisors Inc. Has $25.13 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Harbor Capital Advisors Inc. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,797 shares of the company's stock after selling 19,516 shares during the period. Sprouts Farmers Market accounts for about 1.1% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 4th biggest position. Harbor Capital Advisors Inc. owned approximately 0.20% of Sprouts Farmers Market worth $25,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $38,000. Quarry LP lifted its holdings in 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 in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $40,000 after acquiring an additional 162 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $60,000.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded down $2.22 on Friday, hitting $137.98. 1,467,312 shares of the stock were exchanged, compared to its average volume of 1,501,485. The firm has a market capitalization of $13.80 billion, a PE ratio of 39.88, a P/E/G ratio of 2.23 and a beta of 0.63. 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 firm's 50 day moving average is $141.33 and its two-hundred day moving average is $114.22. Sprouts Farmers Market, Inc. has a one year low of $48.98 and a one year high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm's revenue was up 13.6% compared to the same quarter last year. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $138.99, for a total value of $794,188.86. Following the completion of the transaction, the chief executive officer now directly owns 158,148 shares of the company's stock, valued at approximately $21,980,990.52. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now directly owns 33,571 shares of the company's stock, valued at $4,459,571.64. This trade represents a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,934 shares of company stock worth $8,370,950 in the last 90 days. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of analyst reports. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Melius Research began coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a "hold" rating and a $105.00 price target for the company. StockNews.com upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Friday, January 3rd. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.40.

About Sprouts Farmers Market

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.