Sprouts Farmers Market, Inc. (NASDAQ:SFM) is Harbor Capital Advisors Inc.’s 4th Largest Position

Harbor Capital Advisors Inc. boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 98.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 217,313 shares of the company’s stock after acquiring an additional 108,059 shares during the quarter. Sprouts Farmers Market accounts for 1.0% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Harbor Capital Advisors Inc. owned about 0.22% of Sprouts Farmers Market worth $23,994,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Crewe Advisors LLC raised its position in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $29,000. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth $38,000. Quarry LP raised its position in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth $60,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SFM shares. Evercore ISI boosted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.40.

Insider Buying and Selling

In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the sale, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hari K. Avula sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the sale, the director now directly owns 10,554 shares in the company, valued at $1,018,461. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,543 shares of company stock worth $5,751,870. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

SFM opened at $130.21 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $39.98 and a 52-week high of $135.10. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.02 billion, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. The firm’s 50-day moving average price is $110.21 and its 200-day moving average price is $91.55.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.67 EPS for the current fiscal year.

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.