Fmr LLC Has $541.45 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Fmr LLC cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,903,954 shares of the company’s stock after selling 1,770,543 shares during the quarter. Fmr LLC owned 4.90% of Sprouts Farmers Market worth $541,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SFM. Quadrature Capital Ltd acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $370,000. B. Riley Wealth Advisors Inc. raised its position in shares of Sprouts Farmers Market by 3.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,691 shares of the company’s stock valued at $625,000 after buying an additional 280 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $736,000. LRI Investments LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at approximately $118,000. Finally, Cetera Investment Advisers raised its position in shares of Sprouts Farmers Market by 505.2% in the 1st quarter. Cetera Investment Advisers now owns 52,697 shares of the company’s stock valued at $3,398,000 after buying an additional 43,990 shares in the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $151.97 on Friday. The firm has a 50-day moving average of $125.28 and a 200-day moving average of $101.00. The company has a market cap of $15.20 billion, a P/E ratio of 43.92, a P/E/G 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 issued its earnings results 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 during 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 company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now directly owns 26,172 shares in the company, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,516 shares of company stock worth $4,465,466 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets upped their price objective 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. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Melius Research began coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Finally, Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.40.

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.