Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Lessened by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 361,323 shares of the company’s stock after selling 29,157 shares during the quarter. Sprouts Farmers Market makes up 4.7% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 9th largest position. Penn Davis Mcfarland Inc. owned 0.36% of Sprouts Farmers Market worth $30,228,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. PFG Investments LLC increased its position in shares of Sprouts Farmers Market by 4.2% in the first quarter. PFG Investments LLC now owns 4,504 shares of the company’s stock valued at $290,000 after acquiring an additional 181 shares during the period. Ironwood Investment Counsel LLC boosted its stake in shares of Sprouts Farmers Market by 3.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after purchasing an additional 195 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock valued at $96,000 after purchasing an additional 208 shares in the last quarter. Xponance Inc. boosted its stake in shares of Sprouts Farmers Market by 1.4% during the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock valued at $720,000 after purchasing an additional 209 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Sprouts Farmers Market by 3.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock valued at $344,000 after purchasing an additional 216 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,718 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Hari K. Avula sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the transaction, the director now directly owns 10,554 shares of the company’s stock, valued at $1,018,461. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,096 shares of company stock worth $10,750,846. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America lifted their target price on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. UBS Group boosted their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.38.

Sprouts Farmers Market Stock Down 0.0 %

Shares of NASDAQ SFM traded down $0.04 during midday trading on Monday, hitting $98.70. The stock had a trading volume of 250,595 shares, compared to its average volume of 1,353,572. The business’s 50 day moving average is $85.55 and its 200-day moving average is $72.64. The company has a market cap of $9.88 billion, a P/E ratio of 34.05, a PEG ratio of 2.72 and a beta of 0.55. Sprouts Farmers Market, Inc. has a 52 week low of $37.88 and a 52 week high of $103.80. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

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.