PFG Investments LLC Sells 159 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

PFG Investments LLC decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,155 shares of the company’s stock after selling 159 shares during the quarter. PFG Investments LLC’s holdings in Sprouts Farmers Market were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Sprouts Farmers Market by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $13,348,000. SpiderRock Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $3,252,000. Charles Schwab Investment Management Inc. boosted its stake in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after acquiring an additional 48,103 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market in the fourth quarter worth $1,517,000.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $155.11 on Thursday. Sprouts Farmers Market, Inc. has a one year low of $49.81 and a one year high of $155.64. The company has a market cap of $15.51 billion, a P/E ratio of 44.83, a P/E/G ratio of 1.93 and a beta of 0.63. The firm has a 50-day moving average of $142.20 and a 200-day moving average of $120.49. 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 (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. The firm had revenue of $1.95 billion for 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 company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SFM. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target 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. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased 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. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight 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, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $118.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on 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 owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,869 shares of company stock valued at $8,778,152. 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.