Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,850 shares of the company’s stock after selling 150 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Sprouts Farmers Market were worth $535,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP lifted its position in Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares during the period. Renaissance Technologies LLC lifted 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 period. Assenagon Asset Management S.A. grew its position in Sprouts Farmers Market by 2,577.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the last quarter. Fiera Capital Corp acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at $31,712,000. Finally, Hennessy Advisors Inc. raised its position in Sprouts Farmers Market by 41.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after buying an additional 235,100 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 5,097 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $102.00, for a total value of $519,894.00. Following the completion of the transaction, the insider now directly owns 26,138 shares in the company, valued at approximately $2,666,076. This represents a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the 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 transaction, the chief executive officer now directly owns 199,576 shares in the company, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,148 shares of company stock worth $5,853,826 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Trading Up 1.4 %

Shares of Sprouts Farmers Market stock opened at $143.44 on Wednesday. Sprouts Farmers Market, Inc. has a 1 year low of $40.39 and a 1 year high of $148.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a 50 day moving average price of $119.96 and a 200 day moving average price of $98.09. The company has a market capitalization of $14.34 billion, a P/E ratio of 41.46, a P/E/G ratio of 2.15 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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Roth Mkm boosted their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America upped their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.