Foster & Motley Inc. Has $2.29 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Foster & Motley Inc. decreased its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,997 shares of the company’s stock after selling 3,701 shares during the period. Foster & Motley Inc.’s holdings in Sprouts Farmers Market were worth $2,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new stake in shares of Sprouts Farmers Market in the 4th quarter worth about $7,343,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Sprouts Farmers Market by 18.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 263,344 shares of the company’s stock worth $33,463,000 after purchasing an additional 41,703 shares during the last quarter. R Squared Ltd bought a new stake in Sprouts Farmers Market during the 4th quarter worth about $400,000. SteelPeak Wealth LLC bought a new stake in Sprouts Farmers Market during the 4th quarter worth about $710,000. Finally, Foundations Investment Advisors LLC grew its holdings in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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 report on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $119.40.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $156.25 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $142.41 and its 200-day moving average is $120.74. Sprouts Farmers Market, Inc. has a 12-month low of $49.81 and a 12-month high of $158.84. The company has a market capitalization of $15.62 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63.

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

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. 1.10% of the stock is currently owned by corporate 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.