Isthmus Partners LLC Sells 23,208 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Isthmus Partners LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,490 shares of the company’s stock after selling 23,208 shares during the quarter. Isthmus Partners LLC owned approximately 0.05% of Sprouts Farmers Market worth $5,685,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC grew its position in shares of Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Finally, First Horizon Advisors Inc. grew its position in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $151.97 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12 month low of $41.27 and a 12 month high of $154.55. The company has a 50 day simple moving average of $125.28 and a two-hundred day simple moving average of $101.00. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.30 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 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 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SFM shares. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of 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. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.40.

Insider Activity at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $99.20, for a total transaction of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares of the company’s stock, valued at approximately $2,596,262.40. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,516 shares of company stock worth $4,465,466 in the last three months. Company insiders own 1.10% of the company’s stock.

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.