Maverick Capital Ltd. Sells 1,048 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Maverick Capital Ltd. lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,053 shares of the company’s stock after selling 1,048 shares during the quarter. Maverick Capital Ltd. owned approximately 0.06% of Sprouts Farmers Market worth $4,857,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SFM. Rise Advisors LLC bought a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $26,000. Crewe Advisors LLC increased its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. Hanseatic Management Services Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter valued at $63,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 11.7% during the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after purchasing an additional 208 shares during the period.

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

Sprouts Farmers Market Stock Down 1.5 %

Sprouts Farmers Market stock opened at $108.47 on Friday. The company has a market capitalization of $10.90 billion, a PE ratio of 37.40, a PEG ratio of 3.10 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 12-month low of $39.76 and a 12-month high of $110.98. The firm’s fifty day moving average is $98.30 and its 200 day moving average is $81.75. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion for 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $62.00 to $90.00 in a research report on Tuesday, July 30th. 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 target price on the stock. The Goldman Sachs Group increased their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America boosted their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $99.80.

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.