Kendall Capital Management Reduces Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Kendall Capital Management trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,960 shares of the company’s stock after selling 2,500 shares during the quarter. Kendall Capital Management’s holdings in Sprouts Farmers Market were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC boosted its stake 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 valued at $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at $29,000. Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter valued at $26,000. Hanseatic Management Services Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter valued at $63,000. Finally, Principal Securities Inc. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at $54,000.

Wall Street Analyst Weigh In

SFM has been the subject of a number of recent analyst reports. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Finally, Royal Bank of Canada began coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and an average price target of $99.22.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $104.86 on Thursday. The company has a market capitalization of $10.54 billion, a PE ratio of 36.16, a P/E/G ratio of 2.89 and a beta of 0.56. The company has a 50-day simple moving average of $95.35 and a two-hundred day simple moving average of $80.01. Sprouts Farmers Market, Inc. has a one year low of $39.50 and a one year high of $107.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. Research analysts expect that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total value of $476,433.32. Following the completion of the transaction, the chief executive officer now directly owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,221 shares of company stock valued at $12,130,609. 1.10% of the stock is currently 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.