PFG Investments LLC Has $358,000 Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

PFG Investments LLC decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,283 shares of the company’s stock after selling 221 shares during the period. PFG Investments LLC’s holdings in Sprouts Farmers Market were worth $358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dorsey Wright & Associates acquired a new stake in Sprouts Farmers Market in the 4th quarter valued at $1,378,000. Cetera Advisors LLC bought a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Sprouts Farmers Market by 411.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Sprouts Farmers Market by 78.8% in the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after buying an additional 11,508 shares in the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the transaction, the chief executive officer now directly owns 222,432 shares in the company, valued at $22,485,650.88. The disclosure for this sale can be found here. Insiders sold a total of 128,939 shares of company stock valued at $12,571,295 over the last three months. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 1.0 %

Shares of NASDAQ:SFM opened at $101.73 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.81 and a beta of 0.56. The company has a 50 day moving average of $93.46 and a 200-day moving average of $78.68. Sprouts Farmers Market, Inc. has a one year low of $39.24 and a one year high of $104.41.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price 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. Bank of America lifted their price objective on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Evercore ISI increased their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Roth Mkm increased their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $96.56.

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.