AQR Capital Management LLC Sells 14,382 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AQR Capital Management LLC cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 22.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,234 shares of the company’s stock after selling 14,382 shares during the quarter. AQR Capital Management LLC’s holdings in Sprouts Farmers Market were worth $4,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SFM. Rise Advisors LLC bought a new stake in Sprouts Farmers Market in the 1st quarter valued at $26,000. Crewe Advisors LLC raised 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 valued at $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the second quarter valued at about $29,000. Hanseatic Management Services Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth about $63,000. Finally, GAMMA Investing LLC increased its stake in Sprouts Farmers Market by 37.1% during the second quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock valued at $106,000 after acquiring an additional 344 shares during the period.

Sprouts Farmers Market Price Performance

NASDAQ:SFM opened at $112.90 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11.30 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 12 month low of $39.76 and a 12 month high of $114.03. The company’s 50-day moving average price is $101.53 and its two-hundred day moving average price is $83.89.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the sale, the insider now owns 26,172 shares of the company’s stock, valued at $2,596,262.40. 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. In other news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares in the company, valued at approximately $2,596,262.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,507 shares of company stock valued at $11,654,176 over the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SFM. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. UBS Group lifted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. 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. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.80.

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.