Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Position Reduced by Thematics Asset Management

Thematics Asset Management lessened its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,924 shares of the company’s stock after selling 6,804 shares during the period. Thematics Asset Management’s holdings in Sprouts Farmers Market were worth $5,512,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Sprouts Farmers Market in the 1st quarter worth about $370,000. B. Riley Wealth Advisors Inc. grew its position in Sprouts Farmers Market by 3.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,691 shares of the company’s stock worth $625,000 after purchasing an additional 280 shares during the last quarter. Tidal Investments LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth about $736,000. Hancock Whitney Corp grew its position in Sprouts Farmers Market by 3.7% in the 1st quarter. Hancock Whitney Corp now owns 194,287 shares of the company’s stock worth $12,528,000 after purchasing an additional 6,937 shares during the last quarter. Finally, EMC Capital Management grew its position in Sprouts Farmers Market by 29.6% in the 1st quarter. EMC Capital Management now owns 19,581 shares of the company’s stock worth $1,263,000 after purchasing an additional 4,473 shares during the last quarter.

Sprouts Farmers Market Stock Up 1.7 %

NASDAQ SFM traded up $2.48 during trading on Tuesday, reaching $150.46. 167,854 shares of the company’s stock were exchanged, compared to its average volume of 1,332,961. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $41.27 and a fifty-two week high of $150.92. The company’s fifty day simple moving average is $122.58 and its 200-day simple moving average is $99.58. The firm has a market capitalization of $15.04 billion, a PE ratio of 42.77, a P/E/G ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.65 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, StockNews.com lowered Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $115.40.

Insider Buying and Selling

In other news, 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 transaction, the director now directly owns 33,571 shares in the company, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Scott Neal sold 6,535 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the sale, the insider now directly owns 14,293 shares of the company’s stock, valued at $1,462,030.97. This represents a 31.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,051 shares of company stock worth $5,133,932. Insiders own 1.10% of the company’s stock.

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.