Friedenthal Financial Sells 896 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Friedenthal Financial trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,185 shares of the company’s stock after selling 896 shares during the period. Friedenthal Financial’s holdings in Sprouts Farmers Market were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth $25,000. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market during the third quarter worth about $38,000. Quarry LP increased its stake in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $60,000.

Sprouts Farmers Market Price Performance

SFM stock traded up $0.64 during midday trading on Monday, reaching $138.62. The company had a trading volume of 975,977 shares, compared to its average volume of 1,391,795. The firm has a 50-day moving average price of $141.49 and a 200-day moving average price of $115.06. The company has a market capitalization of $13.86 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.23 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $48.98 and a 1 year high of $155.64. 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 (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 199,576 shares in the company, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,934 shares of company stock worth $8,370,950. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI upped their price target on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.40.

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.