Amalgamated Bank Lowers Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Amalgamated Bank reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,770 shares of the company’s stock after selling 4,460 shares during the quarter. Amalgamated Bank’s holdings in Sprouts Farmers Market were worth $4,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dorsey Wright & Associates bought a new position in Sprouts Farmers Market in the 4th quarter valued at $1,378,000. Cetera Advisors LLC bought a new position in Sprouts Farmers Market in the 1st quarter valued at $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after purchasing an additional 48,225 shares during the period. Point72 Asset Management L.P. grew its stake in Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock valued at $74,013,000 after purchasing an additional 1,237,610 shares during the period. Finally, Inspire Investing LLC grew its stake in Sprouts Farmers Market by 78.8% in the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after purchasing an additional 11,508 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SFM shares. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Roth Mkm upped their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Bank of America increased their price target on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $99.22.

Sprouts Farmers Market Stock Up 0.2 %

Shares of NASDAQ SFM opened at $105.70 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $39.50 and a 52 week high of $107.90. The business has a 50-day simple moving average of $96.26 and a two-hundred day simple moving average of $80.72. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.62 billion, a P/E ratio of 36.45, a P/E/G ratio of 3.03 and a beta of 0.56.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total value of $476,433.32. Following the sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares in the company, valued at approximately $1,808,673.44. The disclosure for this sale can be found here. Insiders sold a total of 123,221 shares of company stock worth $12,130,609 in the last quarter. 1.10% of the stock is owned by company insiders.

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.