Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Increased by Ballentine Partners LLC

Ballentine Partners LLC raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,753 shares of the company’s stock after buying an additional 476 shares during the period. Ballentine Partners LLC’s holdings in Sprouts Farmers Market were worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SFM. Crewe Advisors LLC boosted its position 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 valued at $27,000 after purchasing an additional 219 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sprouts Farmers Market in the second quarter worth approximately $29,000. Quarry LP raised its holdings 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 acquiring an additional 442 shares during the period. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $60,000.

Sprouts Farmers Market Trading Up 0.5 %

Sprouts Farmers Market stock opened at $119.32 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $39.76 and a 52 week high of $120.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The firm has a market capitalization of $11.95 billion, a PE ratio of 37.40, a PEG ratio of 3.36 and a beta of 0.56. The business’s 50-day simple moving average is $107.64 and its 200-day simple moving average is $89.61.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The company 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%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SFM shares. Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Royal Bank of Canada assumed 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 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Bank of America increased their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.40.

Insider Activity at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 921 shares of the business’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 transaction, the insider now owns 25,251 shares in the company, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred 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 sale, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,142 shares of company stock worth $12,401,112 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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.