Empowered Funds LLC Has $6.80 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Empowered Funds LLC cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,582 shares of the company’s stock after selling 8,899 shares during the period. Empowered Funds LLC owned about 0.06% of Sprouts Farmers Market worth $6,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFM. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $349,000. Ritholtz Wealth Management raised its holdings in shares of Sprouts Farmers Market by 59.8% during the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after acquiring an additional 6,286 shares during the period. SpiderRock Advisors LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter worth $3,252,000. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at about $623,000. Finally, Caprock Group LLC bought a new stake in shares of Sprouts Farmers Market in the second quarter valued at about $450,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SFM shares. Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target on the stock. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Roth Mkm increased their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Stock Up 0.1 %

SFM opened at $142.00 on Friday. The stock has a fifty day moving average of $118.29 and a 200-day moving average of $96.88. The company has a market capitalization of $14.20 billion, a P/E ratio of 41.04, a P/E/G ratio of 2.15 and a beta of 0.54. Sprouts Farmers Market, Inc. has a fifty-two week low of $40.39 and a fifty-two week high of $148.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

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

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at $22,485,650.88. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,648 shares of company stock worth $5,902,586 over the last three months. Corporate 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.