Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Cut by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 45.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,766 shares of the company’s stock after selling 37,043 shares during the period. Quantbot Technologies LP’s holdings in Sprouts Farmers Market were worth $3,661,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Sprouts Farmers Market in the first quarter worth about $26,000. Crewe Advisors LLC raised its holdings in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $36,000. Finally, Principal Securities Inc. bought a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at approximately $54,000.

Sprouts Farmers Market Trading Up 4.4 %

Sprouts Farmers Market stock opened at $106.61 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 1 year low of $39.50 and a 1 year high of $107.90. The firm’s 50 day moving average price is $93.85 and its two-hundred day moving average price is $79.22.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly 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 analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the transaction, the insider now directly owns 26,172 shares in the company, valued at approximately $2,596,262.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock in a transaction on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the completion of the sale, the insider now owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock in a transaction 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 sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,939 shares of company stock worth $12,571,295. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SFM shares. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America lifted their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $99.22.

Sprouts Farmers Market 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.