MetLife Investment Management LLC Decreases Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

MetLife Investment Management LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMFree Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,243 shares of the company’s stock after selling 1,965 shares during the quarter. MetLife Investment Management LLC’s holdings in Sprouts Farmers Market were worth $11,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Cetera Advisors LLC acquired a new stake in Sprouts Farmers Market during the 1st quarter worth about $349,000. Ritholtz Wealth Management lifted its holdings in shares of Sprouts Farmers Market by 59.8% during the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,286 shares during the period. SpiderRock Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at approximately $3,252,000. Pinkerton Retirement Specialists LLC acquired a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $623,000. Finally, Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after buying an additional 48,103 shares during the last quarter.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $151.97 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a fifty day moving average of $125.28 and a 200 day moving average of $101.00. The firm has a market cap of $15.20 billion, a PE ratio of 43.92, a PEG ratio of 2.30 and a beta of 0.54. Sprouts Farmers Market, Inc. has a one year low of $41.27 and a one year high of $154.55.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased 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. Evercore ISI lifted their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada began coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.40.

View Our Latest Report on Sprouts Farmers Market

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now directly owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 36,516 shares of company stock valued at $4,465,466 over the last quarter. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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