Versor Investments LP Sells 7,039 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Versor Investments LP cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 43.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,158 shares of the company's stock after selling 7,039 shares during the period. Versor Investments LP's holdings in Sprouts Farmers Market were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFM. Crewe Advisors LLC raised its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $38,000. Quarry LP raised 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 valued at $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market in the third quarter worth $60,000.

Insider Activity at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company's stock, valued at $4,459,571.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company's stock, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares of the company's stock, valued at approximately $4,459,571.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,648 shares of company stock valued at $5,902,586 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

NASDAQ:SFM traded down $0.44 during trading hours on Tuesday, reaching $146.07. 1,496,331 shares of the company were exchanged, compared to its average volume of 1,335,961. The company has a market capitalization of $14.61 billion, a P/E ratio of 42.34, a P/E/G ratio of 2.19 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 1-year low of $40.39 and a 1-year high of $148.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a 50 day moving average of $114.70 and a 200 day moving average of $94.92.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released 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 firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company's quarterly revenue was up 13.6% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SFM. Deutsche Bank Aktiengesellschaft increased their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Bank of America increased their price objective 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. The Goldman Sachs Group raised their price target 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. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. Finally, Evercore ISI raised their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $115.40.

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.