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

Dynamic Technology Lab Private Ltd lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.9% in the third quarter, Holdings Channel.com reports. The fund owned 18,855 shares of the company’s stock after selling 3,835 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sprouts Farmers Market were worth $2,082,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SFM. Quadrature Capital Ltd acquired a new position in Sprouts Farmers Market during the first quarter worth $370,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Sprouts Farmers Market by 3.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,691 shares of the company’s stock worth $625,000 after buying an additional 280 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Sprouts Farmers Market in the 1st quarter worth about $736,000. Hancock Whitney Corp boosted its position in shares of Sprouts Farmers Market by 3.7% in the 1st quarter. Hancock Whitney Corp now owns 194,287 shares of the company’s stock worth $12,528,000 after buying an additional 6,937 shares in the last quarter. Finally, EMC Capital Management increased its holdings in Sprouts Farmers Market by 29.6% during the 1st quarter. EMC Capital Management now owns 19,581 shares of the company’s stock valued at $1,263,000 after acquiring an additional 4,473 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Wells Fargo & Company upped their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Bank of America raised their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Roth Mkm lifted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.40.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction 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 directly owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. This trade represents a 25.52 % 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 ninety days. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $147.98 on Tuesday. The business’s 50-day moving average price is $122.58 and its 200 day moving average price is $99.58. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $149.89. The company has a market capitalization of $14.80 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. On average, research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

About 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.