Glenmede Trust Co. NA Sells 12,177 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Glenmede Trust Co. NA lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 53.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,568 shares of the company’s stock after selling 12,177 shares during the quarter. Glenmede Trust Co. NA’s holdings in Sprouts Farmers Market were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $25,000. Crewe Advisors LLC lifted its holdings in shares of 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 purchasing an additional 219 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the second quarter worth $29,000. Finally, First Horizon Advisors Inc. lifted its stake in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target 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. 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 report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Melius Research started coverage on shares of 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. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $150.92 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $128.03 and its two-hundred day simple moving average is $102.77. The firm has a market capitalization of $15.09 billion, a P/E ratio of 43.62, a P/E/G ratio of 2.33 and a beta of 0.54. Sprouts Farmers Market, Inc. has a twelve month low of $44.02 and a twelve month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value 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 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 30,802 shares of company stock worth $3,887,838 in the last quarter. 1.10% of the stock is owned by insiders.

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.