Sprouts Farmers Market, Inc. (NASDAQ:SFM) is White Pine Investment CO’s 7th Largest Position

White Pine Investment CO cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 91,173 shares of the company’s stock after selling 8,146 shares during the quarter. Sprouts Farmers Market makes up 3.1% of White Pine Investment CO’s holdings, making the stock its 7th largest position. White Pine Investment CO’s holdings in Sprouts Farmers Market were worth $11,585,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $38,000. Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of 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, Waldron Private Wealth LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter valued at $60,000.

Insider Activity

In related news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This trade represents a 25.52 % 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 ninety days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America lifted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $118.40.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $147.00 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market cap of $14.70 billion, a PE ratio of 42.49, a P/E/G ratio of 1.84 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64. The stock has a fifty day moving average price of $141.40 and a 200 day moving average price of $117.90.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.