Private Client Services LLC Decreases Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Private Client Services LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,851 shares of the company’s stock after selling 2,920 shares during the quarter. Private Client Services LLC’s holdings in Sprouts Farmers Market were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the third quarter worth about $38,000. Quarry LP boosted its position in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter worth approximately $60,000.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total value of $794,188.86. Following the transaction, the chief executive officer now owns 158,148 shares in the company, valued at approximately $21,980,990.52. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the sale, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.44. The trade was a 30.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,855 shares of company stock valued at $8,475,575. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $0.88 during mid-day trading on Wednesday, reaching $139.82. The company had a trading volume of 464,879 shares, compared to its average volume of 1,369,989. The stock has a market capitalization of $13.98 billion, a P/E ratio of 40.41, a PEG ratio of 2.23 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 52-week low of $48.73 and a 52-week high of $155.64. The stock has a 50 day moving average of $140.67 and a two-hundred day moving average of $113.85. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data 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 analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue was up 13.6% on a year-over-year basis. On average, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company upped 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. Bank of America lifted their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. BMO Capital Markets lifted their price target on shares of 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. Finally, Evercore ISI increased their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $118.40.

About Sprouts Farmers Market

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.