SG Americas Securities LLC Sells 7,662 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

SG Americas Securities LLC reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 78.2% during the second quarter, HoldingsChannel.com reports. The fund owned 2,135 shares of the company’s stock after selling 7,662 shares during the quarter. SG Americas Securities LLC’s holdings in Sprouts Farmers Market were worth $179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. QRG Capital Management Inc. grew its position in shares of Sprouts Farmers Market by 6.7% during the second quarter. QRG Capital Management Inc. now owns 5,844 shares of the company’s stock valued at $489,000 after purchasing an additional 367 shares in the last quarter. OLD National Bancorp IN bought a new position in Sprouts Farmers Market during the second quarter valued at approximately $316,000. CWM LLC grew its holdings in Sprouts Farmers Market by 12.6% during the 2nd quarter. CWM LLC now owns 2,131 shares of the company’s stock valued at $178,000 after buying an additional 239 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Sprouts Farmers Market by 208.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 109,254 shares of the company’s stock worth $9,140,000 after acquiring an additional 73,807 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Sprouts Farmers Market by 37.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock worth $106,000 after acquiring an additional 344 shares during the last quarter.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ SFM opened at $97.87 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $38.46 and a 1 year high of $103.80. The firm has a 50-day simple moving average of $87.76 and a two-hundred day simple moving average of $74.12. The company has a market cap of $9.83 billion, a P/E ratio of 33.75, a PEG ratio of 2.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SFM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. UBS Group lifted their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, Evercore ISI boosted their price objective on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.38.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, the chief executive officer now directly owns 256,716 shares in the company, valued at approximately $19,785,102.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total transaction of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares in the company, valued at $19,785,102.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,596 shares of company stock valued at $10,407,206. 1.10% of the stock is currently owned by company insiders.

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.