Bayesian Capital Management LP Sells 10,700 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bayesian Capital Management LP decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,200 shares of the company's stock after selling 10,700 shares during the period. Bayesian Capital Management LP's holdings in Sprouts Farmers Market were worth $1,169,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC boosted its stake in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after purchasing an additional 130 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC increased 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 purchasing an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Sprouts Farmers Market in the 4th quarter valued at approximately $51,000.

Sprouts Farmers Market Stock Up 2.2 %

Shares of NASDAQ SFM traded up $3.41 during trading on Friday, hitting $161.59. The stock had a trading volume of 1,719,771 shares, compared to its average volume of 1,427,907. The firm has a fifty day moving average of $153.36 and a two-hundred day moving average of $148.03. The company has a market capitalization of $15.81 billion, a PE ratio of 42.98, a PEG ratio of 2.31 and a beta of 0.87. 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, Inc. has a 12 month low of $74.15 and a 12 month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.54 by $0.27. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on SFM shares. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group upped their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. UBS Group lifted their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and increased their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Finally, BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus target price of $167.79.

Insider Activity

In other news, CMO Alisa Gmelich sold 445 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares of the company's stock, valued at $609,595.12. This represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now owns 28,571 shares of the company's stock, valued at $4,137,080.80. The trade was a 14.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,141 shares of company stock valued at $14,851,836 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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.