Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,615 shares of the company’s stock after buying an additional 974 shares during the period. Quantinno Capital Management LP’s holdings in Sprouts Farmers Market were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at $25,000. Crewe Advisors LLC lifted 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 worth $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $38,000. Finally, Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In other news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction that occurred on 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 $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,155 shares of company stock worth $3,742,274 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $149.51 on Friday. 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 firm has a market cap of $14.95 billion, a PE ratio of 43.21, a PEG ratio of 2.28 and a beta of 0.58. The company has a fifty day moving average price of $134.41 and a 200 day moving average price of $106.33. Sprouts Farmers Market, Inc. has a 1-year low of $46.74 and a 1-year high of $155.64.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America boosted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus target price of $118.40.

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.