Dynamic Technology Lab Private Ltd Cuts Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dynamic Technology Lab Private Ltd trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,855 shares of the company’s stock after selling 3,835 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Sprouts Farmers Market were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SFM. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $25,000. Crewe Advisors LLC grew its stake in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the third quarter valued at $38,000. Finally, Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SFM. Bank of America upped their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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 report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $147.98 on Tuesday. The stock’s 50-day moving average is $122.58 and its two-hundred day moving average is $99.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a 1 year low of $41.27 and a 1 year high of $149.89. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity at Sprouts Farmers Market

In related news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the sale, the insider now directly owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,051 shares of company stock worth $5,133,932 in the last 90 days. 1.10% of the stock is owned by 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.