Dorsey Wright & Associates Boosts Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dorsey Wright & Associates boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,062 shares of the company’s stock after purchasing an additional 746 shares during the period. Dorsey Wright & Associates’ holdings in Sprouts Farmers Market were worth $2,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SFM. Point72 Asset Management L.P. grew its position in shares of 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 acquiring an additional 1,237,610 shares during the period. Marshall Wace LLP raised its stake in shares of Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after buying an additional 973,666 shares during the period. Renaissance Technologies LLC raised its stake in shares of Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after buying an additional 593,600 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at about $23,992,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sprouts Farmers Market by 36.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,478,588 shares of the company’s stock valued at $71,135,000 after acquiring an additional 398,901 shares during the period.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $107.89 on Friday. The company’s 50-day moving average price is $98.81 and its 200-day moving average price is $82.07. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.80 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. Sprouts Farmers Market, Inc. has a twelve month low of $39.76 and a twelve month high of $110.98.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Bank of America increased their target price on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.80.

Insiders Place Their Bets

In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total value of $192,532.48. Following the sale, the vice president now owns 10,237 shares of the company’s stock, valued at $1,035,165.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the sale, the vice president now directly owns 10,237 shares in the company, valued at $1,035,165.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total value of $476,433.32. Following the transaction, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The disclosure for this sale can be found here. Insiders sold 123,221 shares of company stock valued at $12,130,609 over the last three months. 1.10% of the stock is owned by company insiders.

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.