Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.9% during the third quarter, HoldingsChannel reports. The firm owned 2,058 shares of the company’s stock after selling 360 shares during the period. Quest Partners LLC’s holdings in Sprouts Farmers Market were worth $227,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at $25,000. Crewe Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market during the second quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at about $38,000. Finally, Quarry LP lifted its position 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 purchasing an additional 442 shares during the period.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,051 shares of company stock valued at $5,133,932 over the last quarter. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SFM shares. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Melius Research initiated coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $153.31 on Wednesday. Sprouts Farmers Market, Inc. has a 12-month low of $41.27 and a 12-month high of $153.65. The stock has a market cap of $15.33 billion, a P/E ratio of 44.31, a PEG ratio of 2.22 and a beta of 0.54. 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 50-day moving average of $123.41 and a two-hundred day moving average of $100.09.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.