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

Entropy Technologies LP trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,733 shares of the company’s stock after selling 2,039 shares during the period. Entropy Technologies LP’s holdings in Sprouts Farmers Market were worth $1,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter worth about $280,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $218,000. CWM LLC grew its stake in Sprouts Farmers Market by 17.0% during the 3rd quarter. CWM LLC now owns 2,493 shares of the company’s stock worth $275,000 after buying an additional 362 shares during the last quarter. UMB Bank n.a. increased its position in Sprouts Farmers Market by 26.3% during the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after buying an additional 126 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in Sprouts Farmers Market by 18.4% in the third quarter. Ritholtz Wealth Management now owns 19,884 shares of the company’s stock valued at $2,195,000 after buying an additional 3,094 shares during the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $167.97 on Monday. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 48.55, a PEG ratio of 2.25 and a beta of 0.63. The business’s 50 day moving average is $144.10 and its two-hundred day moving average is $124.72. Sprouts Farmers Market, Inc. has a 12-month low of $50.12 and a 12-month high of $170.50. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets upped their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $119.40.

Insider Activity at Sprouts Farmers Market

In related news, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the sale, the director now owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 30,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock worth $6,323,731 over the last three months. 1.10% of the stock is currently owned by corporate 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.