Lindenwold Advisors INC Purchases 360 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lindenwold Advisors INC lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 10,472 shares of the company’s stock after purchasing an additional 360 shares during the period. Lindenwold Advisors INC’s holdings in Sprouts Farmers Market were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth $25,000. Crewe Advisors LLC increased its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market in the second quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the third quarter worth about $38,000. Finally, Quarry LP boosted its position in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares in the last quarter.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Roth Mkm boosted their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Stock Down 0.4 %

Shares of Sprouts Farmers Market stock opened at $141.42 on Tuesday. The company has a 50-day simple moving average of $119.12 and a two-hundred day simple moving average of $97.60. The stock has a market capitalization of $14.14 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 52-week low of $40.39 and a 52-week high of $148.56. 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 (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Activity

In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 51,627 shares of the company’s stock, valued at approximately $5,162,700. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. The trade was a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,648 shares of company stock valued at $5,902,586 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.