Hillsdale Investment Management Inc. Has $6.09 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hillsdale Investment Management Inc. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,910 shares of the company’s stock after selling 7,770 shares during the period. Hillsdale Investment Management Inc.’s holdings in Sprouts Farmers Market were worth $6,088,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its position in Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. First Horizon Advisors Inc. grew its position in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after acquiring an additional 162 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $51,000.

Insider Buying and Selling

In related news, VP Stacy W. Hilgendorf sold 229 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $31,929.47. Following the sale, the vice president now owns 10,226 shares of the company’s stock, valued at approximately $1,425,811.18. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timmi Zalatoris sold 1,065 shares of Sprouts Farmers Market stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $134.97, for a total value of $143,743.05. Following the completion of the sale, the insider now directly owns 9,830 shares in the company, valued at $1,326,755.10. This represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,501 shares of company stock valued at $11,616,851. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Roth Mkm increased their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Northcoast Research upgraded 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. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets increased their price objective on 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.92.

Sprouts Farmers Market Stock Up 1.9 %

NASDAQ:SFM opened at $142.39 on Friday. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $14.04 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.31 and a beta of 0.67. The stock’s fifty day simple moving average is $150.88 and its 200-day simple moving average is $135.50.

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

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.