Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Lowered by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. cut its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 324,845 shares of the company’s stock after selling 13,369 shares during the period. Sprouts Farmers Market comprises about 4.5% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 6th largest position. Penn Davis Mcfarland Inc.’s holdings in Sprouts Farmers Market were worth $41,278,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market during the third quarter valued at $38,000. Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market during the 3rd quarter valued at about $60,000.

Sprouts Farmers Market Stock Down 0.9 %

Shares of SFM stock opened at $139.25 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a one year low of $48.98 and a one year high of $155.64. The company’s fifty day moving average price is $141.53 and its 200-day moving average price is $117.05. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 1.82 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a 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 note on Thursday, October 31st. Evercore ISI increased their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Bank of America upped their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $118.40.

Insider Buying and Selling

In related news, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the sale, the director now directly owns 17,991 shares in the company, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 2,935 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,869 shares of company stock valued at $8,778,152. Corporate insiders own 1.10% of the company’s stock.

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.