Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,997 shares of the company’s stock after selling 3,701 shares during the period. Foster & Motley Inc.’s holdings in Sprouts Farmers Market were worth $2,287,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its stake in Sprouts Farmers Market by 314.8% during the 2nd quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock valued at $18,727,000 after purchasing an additional 169,888 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter valued at about $544,000. Creative Planning boosted its stake in Sprouts Farmers Market by 29.8% during the 2nd quarter. Creative Planning now owns 29,962 shares of the company’s stock valued at $2,507,000 after purchasing an additional 6,871 shares during the period. Quarry LP boosted its stake in 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 purchasing an additional 442 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Sprouts Farmers Market by 42.2% during the 2nd quarter. Cetera Investment Advisers now owns 74,943 shares of the company’s stock valued at $6,270,000 after purchasing an additional 22,246 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on SFM shares. Evercore ISI boosted 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 note on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday. Bank of America boosted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $119.40.

Insider Activity

In related news, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock worth $8,778,152 over the last 90 days. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Up 0.7 %

NASDAQ SFM opened at $156.25 on Friday. 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 company’s 50 day simple moving average is $142.41 and its 200 day simple moving average is $120.74. Sprouts Farmers Market, Inc. has a 12 month low of $49.81 and a 12 month high of $158.84. The company has a market capitalization of $15.62 billion, a P/E ratio of 45.16, a PEG ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.