Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Trimmed by Vista Investment Partners LLC

Vista Investment Partners LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,918 shares of the company’s stock after selling 16,411 shares during the period. Sprouts Farmers Market makes up about 3.1% of Vista Investment Partners LLC’s holdings, making the stock its 4th biggest position. Vista Investment Partners LLC’s holdings in Sprouts Farmers Market were worth $9,597,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at approximately $347,000. Creative Planning grew its stake in shares of Sprouts Farmers Market by 26.8% during the third quarter. Creative Planning now owns 37,979 shares of the company’s stock valued at $4,193,000 after buying an additional 8,017 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Sprouts Farmers Market in the third quarter worth approximately $857,000. Annex Advisory Services LLC raised its holdings in Sprouts Farmers Market by 10.3% during the 3rd quarter. Annex Advisory Services LLC now owns 185,515 shares of the company’s stock valued at $20,483,000 after buying an additional 17,399 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Sprouts Farmers Market by 9.6% during the 3rd quarter. Inspire Investing LLC now owns 19,902 shares of the company’s stock valued at $2,197,000 after buying an additional 1,736 shares during the period.

Sprouts Farmers Market Stock Down 0.2 %

Shares of SFM stock opened at $116.65 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.68 billion, a P/E ratio of 36.57, a P/E/G ratio of 3.28 and a beta of 0.56. The stock has a 50 day moving average of $105.09 and a 200 day moving average of $86.97. Sprouts Farmers Market, Inc. has a twelve month low of $39.76 and a twelve month high of $117.98.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Analysts Set New Price Targets

SFM has been the subject of a number of recent analyst reports. Bank of America upped their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Roth Mkm increased their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Finally, Evercore ISI raised Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $96.00 to $120.00 in a report on Monday, September 16th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.80.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares in the company, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the sale, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,142 shares of company stock worth $12,401,112 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.