Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,816 shares of the company’s stock after purchasing an additional 3,372 shares during the quarter. Tidal Investments LLC’s holdings in Sprouts Farmers Market were worth $5,942,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Marshall Wace LLP boosted its holdings in Sprouts Farmers Market by 167.4% during 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after acquiring an additional 593,600 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Sprouts Farmers Market by 2,577.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after acquiring an additional 435,767 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $31,712,000. Finally, Hennessy Advisors Inc. increased its stake in Sprouts Farmers Market by 41.3% in the 2nd quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock valued at $67,271,000 after purchasing an additional 235,100 shares in the last quarter.

Sprouts Farmers Market Trading Down 1.2 %

Shares of Sprouts Farmers Market stock opened at $147.79 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $46.74 and a fifty-two week high of $155.64. The business’s fifty day moving average is $135.11 and its two-hundred day moving average is $106.78. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $14.78 billion, a PE ratio of 42.71, a P/E/G ratio of 2.25 and a beta of 0.58.

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, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now owns 163,862 shares in the company, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,855 shares of company stock valued at $8,323,697. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their price target 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. Finally, Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $118.40.

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.