Penn Davis Mcfarland Inc. Decreases Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Penn Davis Mcfarland Inc. reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,845 shares of the company’s stock after selling 13,369 shares during the quarter. Sprouts Farmers Market comprises about 4.5% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 6th biggest holding. Penn Davis Mcfarland Inc. owned 0.32% of Sprouts Farmers Market worth $41,278,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter worth about $38,000. First Horizon Advisors Inc. increased its position in shares of Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the last quarter. Quarry LP raised its stake 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 in the last quarter. Finally, Bank of New Hampshire raised its stake in Sprouts Farmers Market by 300.0% in the fourth quarter. Bank of New Hampshire now owns 520 shares of the company’s stock valued at $66,000 after purchasing an additional 390 shares in the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock valued at $8,778,152 over the last ninety days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFM. Wells Fargo & Company increased 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 report on Thursday, October 31st. Bank of America raised their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. 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 objective on the stock. Finally, BMO Capital Markets boosted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $139.25 on Monday. 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. The business has a 50 day moving average price of $141.53 and a 200-day moving average price of $117.05. The firm has a market cap of $13.92 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

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.