Bridgefront Capital LLC Has $701,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bridgefront Capital LLC trimmed its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 73.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,518 shares of the company's stock after selling 14,928 shares during the quarter. Bridgefront Capital LLC's holdings in Sprouts Farmers Market were worth $701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sprouts Farmers Market by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company's stock valued at $1,347,554,000 after purchasing an additional 56,652 shares during the period. Renaissance Technologies LLC boosted its position in shares of Sprouts Farmers Market by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,464,644 shares of the company's stock valued at $567,322,000 after acquiring an additional 24,000 shares during the period. Marshall Wace LLP increased its position in Sprouts Farmers Market by 10.1% during the fourth quarter. Marshall Wace LLP now owns 1,843,320 shares of the company's stock worth $234,231,000 after acquiring an additional 168,605 shares during the period. Invesco Ltd. increased its position in Sprouts Farmers Market by 22.9% during the fourth quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock worth $201,139,000 after acquiring an additional 294,553 shares during the period. Finally, Northern Trust Corp raised its stake in Sprouts Farmers Market by 13.5% in the 4th quarter. Northern Trust Corp now owns 1,355,147 shares of the company's stock worth $172,199,000 after purchasing an additional 160,882 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 5,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were 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 in the company, valued at $4,137,080.80. The trade was a 14.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kim Coffin sold 3,643 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $174.27, for a total value of $634,865.61. Following the sale, the senior vice president now owns 11,886 shares of the company's stock, valued at approximately $2,071,373.22. The trade was a 23.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,141 shares of company stock worth $14,851,836. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $3.41 during trading on Friday, hitting $161.59. 1,719,771 shares of the company were exchanged, compared to its average volume of 1,427,907. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 1-year low of $74.15 and a 1-year high of $178.99. The company has a market capitalization of $15.81 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The business's 50 day moving average is $153.36 and its 200-day moving average is $148.03.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly 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. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SFM. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. UBS Group raised their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Roth Mkm upped their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company 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. Finally, Royal Bank of Canada boosted their price target on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $167.79.

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.