Paloma Partners Management Co Buys Shares of 8,468 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Paloma Partners Management Co purchased a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,468 shares of the company’s stock, valued at approximately $935,000.

Other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Crewe Advisors LLC raised its stake in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at $38,000. Finally, Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter.

Sprouts Farmers Market Trading Down 2.3 %

NASDAQ:SFM opened at $150.92 on Tuesday. The company has a 50-day moving average price of $128.03 and a 200-day moving average price of $102.77. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 43.62, a P/E/G ratio of 2.33 and a beta of 0.58. 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 12 month low of $44.02 and a 12 month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’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 predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Activity

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares in the company, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now directly owns 26,172 shares in the company, valued at $2,596,262.40. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,802 shares of company stock worth $3,887,838 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on SFM shares. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on 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. Evercore ISI lifted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price objective on 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. Finally, Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.40.

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.