Blueshift Asset Management LLC Acquires Shares of 14,285 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Blueshift Asset Management LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,285 shares of the company’s stock, valued at approximately $1,577,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 223.5% during the 2nd 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. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Finally, First Horizon Advisors Inc. boosted its position in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Bank of America boosted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Nine equities 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, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $115.40.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 3.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Scott Neal sold 6,535 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.29, for a total transaction of $668,465.15. Following the completion of the sale, the insider now directly owns 14,293 shares in the company, valued at approximately $1,462,030.97. The trade was a 31.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,051 shares of company stock worth $5,133,932. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Trading Up 3.6 %

SFM opened at $153.31 on Wednesday. The business has a fifty day moving average price of $123.41 and a 200 day moving average price of $100.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 2.24 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 12 month low of $41.27 and a 12 month high of $153.65.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.