Friedenthal Financial Has $786,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Friedenthal Financial reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,185 shares of the company’s stock after selling 896 shares during the period. Friedenthal Financial’s holdings in Sprouts Farmers Market were worth $786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $1,517,000. Bank of New Hampshire boosted its position in Sprouts Farmers Market by 300.0% during the 4th quarter. Bank of New Hampshire now owns 520 shares of the company’s stock worth $66,000 after buying an additional 390 shares during the period. Everence Capital Management Inc. bought a new stake in Sprouts Farmers Market during the 4th quarter worth approximately $231,000. GAMMA Investing LLC increased its position in Sprouts Farmers Market by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 1,954 shares of the company’s stock valued at $248,000 after acquiring an additional 240 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SFM shares. BMO Capital Markets boosted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America increased their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $118.40.

Sprouts Farmers Market Stock Up 0.5 %

Shares of NASDAQ SFM traded up $0.64 during trading on Monday, hitting $138.62. 975,977 shares of the company traded hands, compared to its average volume of 1,391,795. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 2.23 and a beta of 0.63. The business’s fifty day moving average is $141.49 and its 200 day moving average is $115.06. 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 fifty-two week low of $48.98 and a fifty-two week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results 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. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the transaction, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,934 shares of company stock valued at $8,370,950. 1.10% of the stock is owned by company insiders.

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.