Private Client Services LLC Has $1.74 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Private Client Services LLC cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 32.7% during the third quarter, HoldingsChannel.com reports. The firm owned 15,771 shares of the company’s stock after selling 7,664 shares during the quarter. Private Client Services LLC’s holdings in Sprouts Farmers Market were worth $1,741,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Crewe Advisors LLC lifted its holdings in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $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 in the 2nd quarter worth $29,000. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $26,000. Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% in the second 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, Hanseatic Management Services Inc. acquired a new position in Sprouts Farmers Market in the second quarter valued at about $63,000.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now directly owns 233,860 shares in the company, valued at $22,338,307.20. The disclosure for this sale can be found here. In the last three months, insiders sold 117,507 shares of company stock worth $11,654,176. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target 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. Melius Research began coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Roth Mkm increased their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Bank of America raised their target price on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $99.80.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $111.04 on Friday. The firm has a market capitalization of $11.12 billion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $100.45 and its two-hundred day moving average price is $83.19. Sprouts Farmers Market, Inc. has a 1 year low of $39.76 and a 1 year high of $111.96.

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

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.