Crossmark Global Holdings Inc. Decreases Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Crossmark Global Holdings Inc. decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,950 shares of the company’s stock after selling 5,413 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sprouts Farmers Market were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in Sprouts Farmers Market by 223.5% during 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 in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market in the third quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the second quarter worth about $29,000. Quarry LP grew its holdings in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth about $60,000.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now owns 199,576 shares of the company’s stock, valued at $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,648 shares of company stock valued at $5,902,586 over the last quarter. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SFM shares. StockNews.com downgraded shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Tuesday. Melius Research started coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Up 0.1 %

Sprouts Farmers Market stock opened at $142.00 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $40.39 and a fifty-two week high of $148.56. The business’s 50-day simple moving average is $118.29 and its two-hundred day simple moving average is $96.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market cap of $14.20 billion, a PE ratio of 41.04, a PEG ratio of 2.20 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current 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.