Quantbot Technologies LP Sells 12,720 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Quantbot Technologies LP decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 29.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,046 shares of the company’s stock after selling 12,720 shares during the quarter. Quantbot Technologies LP’s holdings in Sprouts Farmers Market were worth $3,428,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Crewe Advisors LLC grew its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth about $38,000. Finally, Quarry LP boosted its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SFM shares. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target on the stock. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Melius Research assumed coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their target price 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. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Stock Down 0.9 %

Shares of NASDAQ:SFM opened at $151.97 on Thursday. The firm has a fifty day moving average price of $124.34 and a two-hundred day moving average price of $100.64. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $41.27 and a one year high of $154.55.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was 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 $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $657,462.96. Following the sale, the insider now directly owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,516 shares of company stock worth $4,465,466. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company 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.