Point72 DIFC Ltd Sells 5,433 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Point72 DIFC Ltd decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 47.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,046 shares of the company’s stock after selling 5,433 shares during the quarter. Point72 DIFC Ltd’s holdings in Sprouts Farmers Market were worth $668,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Sprouts Farmers Market by 505.2% during the 1st quarter. Cetera Investment Advisers now owns 52,697 shares of the company’s stock worth $3,398,000 after acquiring an additional 43,990 shares during the period. Cetera Advisors LLC bought a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $349,000. GAMMA Investing LLC raised its holdings in shares of Sprouts Farmers Market by 37.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock worth $106,000 after buying an additional 344 shares in the last quarter. CWM LLC lifted its position in shares of Sprouts Farmers Market by 12.6% during the 2nd quarter. CWM LLC now owns 2,131 shares of the company’s stock worth $178,000 after buying an additional 239 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new stake in Sprouts Farmers Market in the second quarter valued at about $316,000.

Sprouts Farmers Market Trading Down 1.5 %

NASDAQ SFM opened at $151.71 on Friday. The firm has a market capitalization of $15.17 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58. The business’s 50-day moving average price is $130.62 and its two-hundred day moving average price is $103.97. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $44.73 and a 12 month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results 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. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on SFM shares. Bank of America increased their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.40.

Insider Transactions at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market 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 completion of the sale, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. This represents a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,152 shares of company stock worth $3,940,377 over the last three months. 1.10% of the stock is owned by company insiders.

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.