Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,443 shares of the company’s stock after selling 401 shares during the period. QRG Capital Management Inc.’s holdings in Sprouts Farmers Market were worth $601,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SFM. Marshall Wace LLP boosted its holdings in shares of Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sprouts Farmers Market by 15.4% during the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Sprouts Farmers Market by 2,577.7% during the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after purchasing an additional 435,767 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of Sprouts Farmers Market by 41.3% during the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after purchasing an additional 235,100 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Sprouts Farmers Market by 314.8% during the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after purchasing an additional 169,888 shares during the last quarter.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the transaction, the chief executive officer now owns 222,432 shares in the company, valued at $22,485,650.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares of the company’s stock, valued at approximately $22,485,650.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the sale, the director now directly owns 33,571 shares in the company, valued at approximately $4,459,571.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,148 shares of company stock worth $6,143,836 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SFM has been the topic of several analyst reports. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada began coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Trading Up 3.2 %

Shares of SFM opened at $145.15 on Friday. The stock’s 50-day moving average is $113.85 and its two-hundred day moving average is $94.15. The stock has a market cap of $14.51 billion, a PE ratio of 41.95, a P/E/G ratio of 2.13 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 12 month low of $39.98 and a 12 month high of $146.27. 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

About Sprouts Farmers Market

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.