Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 50.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 326,311 shares of the company’s stock after selling 332,729 shares during the quarter. Sprouts Farmers Market accounts for about 1.4% of Reinhart Partners LLC.’s investment portfolio, making the stock its 28th largest position. Reinhart Partners LLC. owned approximately 0.33% of Sprouts Farmers Market worth $36,028,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after purchasing an additional 29,362 shares in the last quarter. Renaissance Technologies LLC grew its position in Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Nordea Investment Management AB grew its position in Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after purchasing an additional 297,067 shares in the last quarter. Marshall Wace LLP grew its position in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Sprouts Farmers Market by 36.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock worth $71,135,000 after purchasing an additional 398,901 shares in the last quarter.

Sprouts Farmers Market Stock Up 2.8 %

Sprouts Farmers Market stock opened at $116.12 on Friday. The company has a market cap of $11.63 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 3.24 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 1-year low of $39.76 and a 1-year high of $116.24. The company has a fifty day simple moving average of $103.37 and a 200 day simple moving average of $85.52. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SFM. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Melius Research began coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group upped their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $99.80.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Dustin Hamilton sold 1,997 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,221 shares of company stock valued at $12,296,487 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.