Victory Capital Management Inc. Trims Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Victory Capital Management Inc. lowered its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 34.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,895 shares of the company’s stock after selling 33,432 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Sprouts Farmers Market worth $7,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Sprouts Farmers Market by 0.3% during the first quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock valued at $690,966,000 after purchasing an additional 29,362 shares during the period. Renaissance Technologies LLC boosted its position in Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after buying an additional 593,600 shares during the period. Marshall Wace LLP grew its stake in Sprouts Farmers Market by 167.4% in the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after acquiring an additional 973,666 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Sprouts Farmers Market by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock worth $96,080,000 after acquiring an additional 6,085 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Sprouts Farmers Market by 2.8% during the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company’s stock valued at $88,138,000 after acquiring an additional 28,636 shares in the last quarter.

Sprouts Farmers Market Trading Up 2.2 %

NASDAQ SFM opened at $145.89 on Friday. The firm has a market cap of $14.59 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 52 week low of $40.62 and a 52 week high of $148.56. 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 company has a 50 day moving average price of $120.80 and a 200 day moving average price of $98.40.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the sale, the director now owns 51,627 shares of the company’s stock, valued at $5,162,700. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the transaction, the chief executive officer now directly owns 222,432 shares of the company’s stock, valued at $22,485,650.88. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,148 shares of company stock valued at $5,853,826 in the last three months. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SFM. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price target on 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. Bank of America lifted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.40.

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.