Inspire Investing LLC Has $1.43 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Inspire Investing LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,244 shares of the company’s stock after selling 8,658 shares during the quarter. Inspire Investing LLC’s holdings in Sprouts Farmers Market were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. boosted its stake in shares of Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after purchasing an additional 96 shares during the last quarter. CIBC Asset Management Inc boosted its position in Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after buying an additional 101 shares in the last quarter. Caprock Group LLC grew its stake in Sprouts Farmers Market by 1.9% during the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after buying an additional 102 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sprouts Farmers Market by 28.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 494 shares of the company’s stock worth $63,000 after buying an additional 110 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $146.42 on Friday. The company has a market cap of $14.64 billion, a PE ratio of 42.32, a PEG ratio of 1.93 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64. The company’s 50-day moving average is $141.51 and its two-hundred day moving average is $118.30.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating 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 prior year, the business posted $0.65 earnings per share. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the sale, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the transaction, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock worth $8,778,152 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SFM shares. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Evercore ISI lifted their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.