Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,884 shares of the company’s stock after selling 332 shares during the period. Pitcairn Co.’s holdings in Sprouts Farmers Market were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in shares of Sprouts Farmers Market by 12.0% in the 3rd quarter. Janus Henderson Group PLC now owns 67,283 shares of the company’s stock valued at $7,428,000 after buying an additional 7,204 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Sprouts Farmers Market by 25.5% in the third quarter. Integrated Wealth Concepts LLC now owns 5,114 shares of the company’s stock valued at $565,000 after acquiring an additional 1,040 shares during the period. Quantinno Capital Management LP boosted its position in Sprouts Farmers Market by 11.3% in the 3rd quarter. Quantinno Capital Management LP now owns 9,615 shares of the company’s stock worth $1,062,000 after purchasing an additional 974 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Sprouts Farmers Market by 88.9% during the 3rd quarter. Stifel Financial Corp now owns 71,983 shares of the company’s stock worth $7,948,000 after purchasing an additional 33,884 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $2,102,000.

Sprouts Farmers Market Stock Performance

SFM opened at $145.29 on Monday. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The firm has a market capitalization of $14.24 billion, a PE ratio of 38.64, a PEG ratio of 2.31 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $152.55 and its 200 day moving average price is $139.42.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on SFM shares. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Royal Bank of Canada restated a “sector perform” rating and set a $160.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, March 25th. Roth Mkm upped their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. Finally, UBS Group upped their target price on Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $167.00.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares in the company, valued at $1,284,464.74. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kim Coffin sold 4,060 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $557,925.20. Following the sale, the senior vice president now owns 11,432 shares of the company’s stock, valued at $1,570,985.44. This represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,784 shares of company stock valued at $13,534,466. Insiders own 1.10% of the company’s stock.

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.