Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,989 shares of the company’s stock after selling 1,433 shares during the period. Pathstone Holdings LLC’s holdings in Sprouts Farmers Market were worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth about $25,000. Crewe Advisors LLC grew its stake 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 purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $38,000. Finally, Quarry LP boosted its holdings in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SFM shares. The Goldman Sachs Group increased their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Bank of America boosted their price target 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. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $115.40.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the completion of the sale, the chief executive officer now owns 199,576 shares in the company, valued at approximately $26,463,777.60. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares in the company, valued at $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,148 shares of company stock worth $5,653,826 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Trading Up 0.8 %

Sprouts Farmers Market stock opened at $147.13 on Monday. 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, Inc. has a 12 month low of $41.27 and a 12 month high of $148.56. The company’s fifty day simple moving average is $122.58 and its 200-day simple moving average is $99.58. The stock has a market cap of $14.71 billion, a P/E ratio of 42.52, a P/E/G ratio of 2.21 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results 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. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.