Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 196.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,772 shares of the company’s stock after acquiring an additional 11,775 shares during the quarter. Entropy Technologies LP’s holdings in Sprouts Farmers Market were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SFM. Apollon Wealth Management LLC lifted its holdings in Sprouts Farmers Market by 14.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock worth $352,000 after buying an additional 397 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $225,000. Los Angeles Capital Management LLC raised its position in shares of Sprouts Farmers Market by 5.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,690 shares of the company’s stock worth $4,272,000 after acquiring an additional 1,851 shares in the last quarter. Atria Investments Inc lifted its stake in Sprouts Farmers Market by 31.3% during the third quarter. Atria Investments Inc now owns 14,266 shares of the company’s stock worth $1,575,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in Sprouts Farmers Market in the third quarter valued at approximately $212,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SFM shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Trading Down 0.3 %

Shares of SFM stock opened at $146.07 on Wednesday. The company has a market capitalization of $14.61 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54. 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 business’s 50 day moving average is $115.63 and its two-hundred day moving average is $95.48. Sprouts Farmers Market, Inc. has a twelve month low of $40.39 and a twelve month high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The firm 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 period last year, the firm posted $0.65 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction dated 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 approximately $4,459,571.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,648 shares of company stock worth $5,902,586. Company 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.