Signaturefd LLC Cuts Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Signaturefd LLC cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 3,246 shares of the company’s stock after selling 138 shares during the quarter. Signaturefd LLC’s holdings in Sprouts Farmers Market were worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its stake in Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in 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 acquiring an additional 162 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Sprouts Farmers Market in the fourth quarter valued at about $51,000.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares of the company’s stock, valued at $20,741,491.26. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kim Coffin sold 756 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $140.65, for a total transaction of $106,331.40. Following the completion of the transaction, the senior vice president now directly owns 12,625 shares in the company, valued at $1,775,706.25. The trade was a 5.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,145 shares of company stock valued at $11,427,787 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SFM shares. Evercore ISI dropped their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and boosted their price target for the company from $163.00 to $190.00 in a research report on Monday. Bank of America boosted their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $162.92.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $139.77 on Friday. The firm’s 50 day simple moving average is $150.79 and its 200 day simple moving average is $135.24. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $13.78 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 1-year low of $61.61 and a 1-year high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.