Edgestream Partners L.P. Reduces Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Edgestream Partners L.P. trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,559 shares of the company’s stock after selling 1,350 shares during the period. Edgestream Partners L.P.’s holdings in Sprouts Farmers Market were worth $2,867,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Unified Investment Management purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $1,161,000. JPMorgan Chase & Co. grew its position in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth $13,348,000. SpiderRock Advisors LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth $3,252,000. Finally, First Hawaiian Bank acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $1,517,000.

Sprouts Farmers Market Stock Down 0.8 %

SFM stock opened at $136.97 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a one year low of $60.46 and a one year high of $178.99. The company has a fifty day moving average of $150.28 and a 200-day moving average of $133.42. The stock has a market capitalization of $13.50 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,264 shares of company stock worth $6,995,193 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group increased their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Roth Mkm increased their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group increased their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and an average price target of $154.00.

Sprouts Farmers Market 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.