Tidal Investments LLC Sells 16,119 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Tidal Investments LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,697 shares of the company's stock after selling 16,119 shares during the period. Tidal Investments LLC's holdings in Sprouts Farmers Market were worth $4,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $31,000. GeoWealth Management LLC grew its stake in shares of Sprouts Farmers Market by 115.4% in 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 period. Avior Wealth Management LLC grew 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 during the period. Global Retirement Partners LLC grew its stake in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $51,000.

Sprouts Farmers Market Stock Down 0.5%

NASDAQ:SFM opened at $168.02 on Wednesday. The stock's fifty day moving average price is $157.01 and its two-hundred day moving average price is $150.21. 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 company has a market cap of $16.44 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 2.31 and a beta of 0.87.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) 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 quarter in the prior year, the business earned $1.12 EPS. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analyst Weigh In

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. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" 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. 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 research report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their price target on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $167.79.

Insiders Place Their Bets

In other news, 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. This represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $122,303.80. Following the completion of the transaction, the vice president now directly owns 9,347 shares in the company, valued at approximately $1,284,464.74. This trade represents a 8.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,362 shares of company stock valued at $18,430,847. 1.10% of the stock is currently owned by corporate 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.

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