Atria Investments Inc Boosts Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Atria Investments Inc raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,266 shares of the company’s stock after buying an additional 3,400 shares during the period. Atria Investments Inc’s holdings in Sprouts Farmers Market were worth $1,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the second 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 position in Sprouts Farmers Market in the second quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market in the third quarter worth about $38,000. Quarry LP lifted 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 worth $40,000 after acquiring an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market in the third quarter worth about $60,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Melius Research began coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $115.40.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total transaction of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at approximately $22,485,650.88. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,648 shares of company stock worth $5,902,586. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $142.00 on Friday. The company has a market capitalization of $14.20 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.20 and a beta of 0.54. Sprouts Farmers Market, Inc. has a one year low of $40.39 and a one year high of $148.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The company’s fifty day moving average price is $118.29 and its 200 day moving average price is $96.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

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.