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

MAI Capital Management reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 50.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,467 shares of the company’s stock after selling 6,528 shares during the period. MAI Capital Management’s holdings in Sprouts Farmers Market were worth $714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SFM. Vanguard Group Inc. increased its position in shares of Sprouts Farmers Market by 0.3% during the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after acquiring an additional 29,362 shares during the last quarter. Renaissance Technologies LLC increased its position 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 valued at $371,295,000 after acquiring an additional 593,600 shares during the last quarter. Marshall Wace LLP increased its position 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 valued at $130,107,000 after acquiring an additional 973,666 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sprouts Farmers Market by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock valued at $96,080,000 after acquiring an additional 6,085 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Sprouts Farmers Market by 2.8% in the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company’s stock valued at $88,138,000 after purchasing an additional 28,636 shares during the period.

Sprouts Farmers Market Stock Up 0.8 %

Shares of Sprouts Farmers Market stock opened at $147.13 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $41.27 and a 52-week high of $148.56. The company has a 50 day moving average of $121.68 and a 200 day moving average of $98.73. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.71 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.17 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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 revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. The trade was a 7.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40. Following the completion of the transaction, 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 50,148 shares of company stock valued at $5,853,826 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of 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. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.40.

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.