Natixis Advisors LLC Has $2.78 Million Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Natixis Advisors LLC lifted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,183 shares of the company’s stock after purchasing an additional 3,651 shares during the quarter. Natixis Advisors LLC’s holdings in Sprouts Farmers Market were worth $2,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SFM. Crewe Advisors LLC boosted its holdings 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 period. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the second quarter worth $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 worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at $60,000.

Analysts Set New Price Targets

SFM has been the topic of a number of research reports. StockNews.com downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised 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. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI raised their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Melius Research started coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Nine investment 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 company currently has a consensus rating of “Hold” and an average target price of $115.40.

Insider Activity

In related news, insider Dustin Hamilton sold 5,097 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $102.00, for a total transaction of $519,894.00. Following the completion of the transaction, the insider now owns 26,138 shares in the company, valued at $2,666,076. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,148 shares of company stock worth $5,653,826. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $147.13 on Monday. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 2.21 and a beta of 0.54. The business has a 50 day moving average price of $122.58 and a 200 day moving average price of $99.58. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. Research analysts predict 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.