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

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

Several other hedge funds and other institutional investors have also bought and sold shares of SFM. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 130 shares during the period. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the fourth quarter worth $51,000.

Analysts Set New Price Targets

SFM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Bank of America lifted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada upped their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of "Hold" and a consensus target price of $167.79.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 49,898 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the sale, the chief executive officer now owns 189,449 shares in the company, valued at approximately $26,034,081.58. This trade represents a 20.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,141 shares of company stock valued at $14,851,836. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 2.2 %

NASDAQ SFM traded up $3.41 on Friday, hitting $161.59. 1,719,771 shares of the stock were exchanged, compared to its average volume of 1,430,445. The stock has a fifty day moving average price of $153.36 and a two-hundred day moving average price of $148.23. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market capitalization of $15.81 billion, a P/E ratio of 42.98, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the business earned $1.12 EPS. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

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.