Shell Asset Management Co. Sells 720 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

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Shell Asset Management Co. lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,235 shares of the company’s stock after selling 720 shares during the quarter. Shell Asset Management Co.’s holdings in Sprouts Farmers Market were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Davidson Investment Advisors lifted its position in Sprouts Farmers Market by 3.5% in the third quarter. Davidson Investment Advisors now owns 447,763 shares of the company’s stock valued at $10,375,000 after purchasing an additional 15,170 shares during the last quarter. Front Row Advisors LLC increased its stake in shares of Sprouts Farmers Market by 1.1% during the third quarter. Front Row Advisors LLC now owns 95,535 shares of the company’s stock valued at $2,214,000 after buying an additional 1,050 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 15.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,824 shares of the company’s stock valued at $297,000 after buying an additional 1,697 shares during the period. Raymond James & Associates increased its stake in shares of Sprouts Farmers Market by 31.4% during the third quarter. Raymond James & Associates now owns 67,627 shares of the company’s stock valued at $1,567,000 after buying an additional 16,178 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Sprouts Farmers Market by 18.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 22,132 shares of the company’s stock valued at $513,000 after buying an additional 3,435 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Several equities research analysts recently weighed in on the company. BMO Capital Markets cut Sprouts Farmers Market from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $21.00 to $19.00 in a research note on Tuesday, October 5th. Gordon Haskett cut Sprouts Farmers Market from a “hold” rating to a “reduce” rating and set a $20.00 price target on the stock. in a research note on Thursday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

NASDAQ SFM opened at $30.21 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $19.13 and a 12 month high of $30.61. The stock has a market cap of $3.39 billion, a P/E ratio of 12.80 and a beta of 0.26. The stock’s fifty day moving average price is $26.76 and its 200-day moving average price is $24.98. The company has a current ratio of 1.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sprouts Farmers Market had a return on equity of 29.50% and a net margin of 4.45%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 2.07 earnings per share for the current fiscal year.

Sprouts Farmers Market Profile

Sprouts Farmers Markets, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.

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