Point72 Asia Singapore Pte. Ltd. Lowers Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 Asia Singapore Pte. Ltd. trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 49.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,980 shares of the company’s stock after selling 4,912 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Sprouts Farmers Market were worth $550,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in Sprouts Farmers Market in the first quarter worth about $349,000. Ritholtz Wealth Management raised its stake in shares of Sprouts Farmers Market by 59.8% during the 2nd 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 in the last quarter. SpiderRock Advisors LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $3,252,000. Pinkerton Retirement Specialists LLC purchased a new stake in Sprouts Farmers Market during the second quarter valued at approximately $623,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after acquiring an additional 48,103 shares in the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $150.92 on Tuesday. Sprouts Farmers Market, Inc. has a twelve month low of $44.02 and a twelve month high of $155.64. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The company has a market cap of $15.09 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.58. The company’s 50 day moving average is $128.03 and its 200 day moving average is $102.77.

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

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of the firm’s 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 sale, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,802 shares of company stock worth $3,887,838. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SFM shares. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Bank of America increased 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. Evercore ISI raised their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Finally, 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 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $115.40.

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.