EMC Capital Management Has $2.49 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

EMC Capital Management cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,581 shares of the company’s stock after selling 4,391 shares during the period. Sprouts Farmers Market accounts for 1.4% of EMC Capital Management’s portfolio, making the stock its 7th largest position. EMC Capital Management’s holdings in Sprouts Farmers Market were worth $2,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. Avior Wealth Management LLC boosted its holdings in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market during the third quarter valued at $38,000. Quarry LP raised its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joseph D. O’leary sold 350 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total transaction of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the sale, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,869 shares of company stock valued at $8,778,152. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 3.8 %

Shares of Sprouts Farmers Market stock opened at $158.06 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1-year low of $49.81 and a 1-year high of $155.64. The business’s fifty day moving average price is $142.20 and its two-hundred day moving average price is $120.49. The company has a market capitalization of $15.80 billion, a P/E ratio of 45.42, a PEG ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

SFM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday. Evercore ISI upped their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Bank of America upped their price objective on 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $119.40.

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.