Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by NDVR Inc.

NDVR Inc. reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 36.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,190 shares of the company's stock after selling 1,815 shares during the quarter. Sprouts Farmers Market comprises about 0.4% of NDVR Inc.'s portfolio, making the stock its 29th largest holding. NDVR Inc.'s holdings in Sprouts Farmers Market were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in Sprouts Farmers Market during the 4th quarter worth approximately $143,113,000. Congress Asset Management Co. increased its holdings in shares of Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after purchasing an additional 632,523 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $64,117,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $53,946,000. Finally, Invesco Ltd. increased its holdings in shares of Sprouts Farmers Market by 22.9% during the 4th quarter. Invesco Ltd. now owns 1,582,896 shares of the company's stock valued at $201,139,000 after purchasing an additional 294,553 shares in the last quarter.

Sprouts Farmers Market Trading Up 4.6%

NASDAQ:SFM traded up $7.40 on Friday, reaching $168.68. 1,480,546 shares of the company's stock were exchanged, compared to its average volume of 1,447,436. 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 $16.51 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The business has a fifty day moving average of $155.02 and a 200-day moving average of $149.12. Sprouts Farmers Market, Inc. has a 52-week low of $74.15 and a 52-week high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The company had revenue of $2.24 billion for 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 business's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SFM shares. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a report on Friday, February 21st. StockNews.com raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Friday, February 28th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $167.79.

Insider Transactions at Sprouts Farmers Market

In related news, Director Hari K. Avula sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $161.28, for a total value of $241,920.00. Following the completion of the transaction, the director now directly owns 10,232 shares of the company's stock, valued at $1,650,216.96. This represents a 12.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at $26,034,081.58. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,641 shares of company stock valued at $15,412,556. 1.10% of the stock is currently owned by corporate insiders.

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.