Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,850 shares of the company’s stock after selling 150 shares during the period. Thompson Davis & CO. Inc.’s holdings in Sprouts Farmers Market were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SFM. Sei Investments Co. lifted its holdings in Sprouts Farmers Market by 22.0% in the 1st quarter. Sei Investments Co. now owns 80,352 shares of the company’s stock valued at $5,181,000 after purchasing an additional 14,488 shares in the last quarter. US Bancorp DE grew its stake in Sprouts Farmers Market by 38.6% during the 1st quarter. US Bancorp DE now owns 7,560 shares of the company’s stock valued at $487,000 after acquiring an additional 2,107 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Sprouts Farmers Market by 41.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 41,897 shares of the company’s stock worth $2,702,000 after purchasing an additional 12,313 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after purchasing an additional 29,362 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $445,000.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $143.44 on Wednesday. Sprouts Farmers Market, Inc. has a 1 year low of $40.39 and a 1 year high of $148.56. The stock has a market capitalization of $14.34 billion, a PE ratio of 41.46, a PEG ratio of 2.15 and a beta of 0.54. 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 stock has a 50-day simple moving average of $119.96 and a 200-day simple moving average of $98.09.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (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 company 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 earned $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 51,627 shares of the company’s stock, valued at $5,162,700. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,148 shares of company stock valued at $5,853,826. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

SFM has been the subject of several analyst reports. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Melius Research started coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Evercore ISI boosted their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $115.40.

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.