Robeco Institutional Asset Management B.V. cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,641 shares of the company's stock after selling 15,384 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of Sprouts Farmers Market worth $24,471,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter worth $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. Quarry LP grew its stake in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sprouts Farmers Market during the third quarter worth about $60,000.
In other news, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company's stock, valued at approximately $4,459,571.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,999 shares of company stock valued at $8,148,868 in the last ninety days. Company insiders own 1.10% of the company's stock.
A number of equities research analysts have weighed in on the company. Roth Mkm raised their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. BMO Capital Markets lifted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, July 29th. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Bank of America increased their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $115.40.
Read Our Latest Report on SFM
Shares of Sprouts Farmers Market stock opened at $136.09 on Wednesday. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 1.98 and a beta of 0.54. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $136.23. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $111.49 and its 200-day simple moving average is $92.73.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.
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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