Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 37.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 120,283 shares of the company’s stock after selling 73,460 shares during the quarter. Bridgewater Associates LP’s holdings in Sprouts Farmers Market were worth $13,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP lifted its holdings in Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares during the period. Renaissance Technologies LLC raised its position in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after buying an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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 worth $49,980,000 after acquiring an additional 435,767 shares during the period. Fiera Capital Corp bought a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $31,712,000. Finally, Hennessy Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 41.3% during the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock valued at $67,271,000 after acquiring an additional 235,100 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the sale, the chief executive officer now owns 222,432 shares of the company’s stock, valued at approximately $22,485,650.88. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,516 shares of company stock valued at $4,465,466 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target 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. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 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 stock has an average rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Trading Down 0.9 %

Sprouts Farmers Market stock opened at $151.97 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $41.27 and a 52 week high of $154.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 2.30 and a beta of 0.54. The company has a 50 day moving average price of $125.28 and a 200 day moving average price of $101.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results 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 during 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%. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

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.