Captrust Financial Advisors Sells 120 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Captrust Financial Advisors lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,318 shares of the company’s stock after selling 120 shares during the quarter. Captrust Financial Advisors’ holdings in Sprouts Farmers Market were worth $256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ritholtz Wealth Management lifted its holdings in shares of Sprouts Farmers Market by 59.8% during the second quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after purchasing an additional 6,286 shares during the period. SpiderRock Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter worth $3,252,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Sprouts Farmers Market during the second quarter worth $623,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after purchasing an additional 48,103 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of Sprouts Farmers Market during the second quarter worth $450,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $147.79 on Monday. The firm’s 50-day moving average price is $135.11 and its 200-day moving average price is $107.17. Sprouts Farmers Market, Inc. has a 1-year low of $46.74 and a 1-year high of $155.64. The firm has a market capitalization of $14.78 billion, a P/E ratio of 42.71, a P/E/G ratio of 2.23 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. 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 report on Thursday, October 31st. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Finally, Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $118.40.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares in the company, valued at $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 59,855 shares of company stock valued at $8,323,697 over the last three months. Corporate insiders own 1.10% of the company’s stock.

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.