Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,257 shares of the company’s stock after selling 257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Sprouts Farmers Market were worth $1,219,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC increased its position in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $38,000. Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at about $60,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Roth Mkm raised their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, BMO Capital Markets upped 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. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock opened at $130.21 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $39.98 and a 52 week high of $135.10. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $13.02 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. The company’s 50-day moving average price is $110.21 and its two-hundred day moving average price is $91.55.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results 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 business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, 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 transaction of $104,625.60. Following the completion of the sale, the insider now directly owns 25,251 shares of the company’s stock, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hari K. Avula sold 2,500 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the transaction, the director now directly owns 10,554 shares in the company, valued at approximately $1,018,461. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,829 shares of company stock valued at $5,206,068. Corporate 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.