Sprouts Farmers Market, Inc. (NASDAQ:SFM) Holdings Cut by BayBridge Capital Group LLC

BayBridge Capital Group LLC lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 56.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,808 shares of the company’s stock after selling 4,929 shares during the period. BayBridge Capital Group LLC’s holdings in Sprouts Farmers Market were worth $420,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SFM. Marshall Wace LLP grew its stake in shares of Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after buying an additional 973,666 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Sprouts Farmers Market by 15.4% in the second 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 last quarter. Assenagon Asset Management S.A. grew its position in Sprouts Farmers Market by 2,577.7% in the third 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. Nordea Investment Management AB increased its stake in shares of Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after purchasing an additional 297,067 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 41.3% during 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.

Insider Activity

In related news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the transaction, the vice president now directly owns 10,237 shares in the company, valued at $1,035,165.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,142 shares of company stock worth $12,401,112. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $119.32 on Friday. The company’s fifty day moving average is $107.64 and its two-hundred day moving average is $89.25. Sprouts Farmers Market, Inc. has a 52-week low of $39.76 and a 52-week high of $120.69. 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 firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 3.36 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Analysts Set New Price Targets

SFM has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating 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 stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $104.40.

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.