Hillsdale Investment Management Inc. Has $6.09 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hillsdale Investment Management Inc. decreased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 47,910 shares of the company’s stock after selling 7,770 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Sprouts Farmers Market were worth $6,088,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SFM. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Sprouts Farmers Market during the fourth quarter worth about $51,000.

Sprouts Farmers Market Stock Up 1.9 %

Shares of SFM opened at $142.39 on Friday. The firm has a 50 day simple moving average of $150.88 and a two-hundred day simple moving average of $135.50. The company has a market cap of $14.04 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at approximately $609,595.12. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,501 shares of company stock worth $11,616,851. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of research analyst reports. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Friday, February 28th. Evercore ISI reduced their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating and lifted their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Roth Mkm boosted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $162.92.

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.