B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,055 shares of the company's stock, valued at approximately $1,662,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Crewe Advisors LLC boosted its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $38,000. Finally, Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after acquiring an additional 442 shares during the period.
In other news, insider Joseph L. Hurley sold 4,956 shares of the company's stock in a transaction on 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 transaction, the insider now owns 11,184 shares in the company, valued at approximately $1,483,669.44. This represents a 30.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dustin Hamilton sold 1,997 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares of the company's stock, valued at approximately $2,596,262.40. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,148 shares of company stock worth $5,853,826 in the last 90 days. Corporate insiders own 1.10% of the company's stock.
NASDAQ SFM opened at $147.13 on Friday. 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 52 week low of $41.27 and a 52 week high of $148.56. The stock has a market capitalization of $14.71 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. The firm has a 50 day moving average of $121.68 and a two-hundred day moving average of $98.73.
Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The firm's revenue was up 13.6% on a year-over-year basis. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on SFM shares. BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Sprouts Farmers Market from a "buy" rating to a "hold" rating in a research note on Wednesday. Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price target on the stock. Finally, Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market has an average rating of "Hold" and an average price target of $115.40.
Get Our Latest Report on 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.
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