Fulton Bank N.A. Sells 311 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Fulton Bank N.A. lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,524 shares of the company’s stock after selling 311 shares during the quarter. Fulton Bank N.A.’s holdings in Sprouts Farmers Market were worth $610,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in Sprouts Farmers Market in the first quarter worth about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sprouts Farmers Market by 8.5% during 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 acquiring an additional 48,225 shares during the period. Point72 Asset Management L.P. grew its position 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 acquiring an additional 1,237,610 shares during the last quarter. Inspire Investing LLC increased its stake in Sprouts Farmers Market by 78.8% in the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after purchasing an additional 11,508 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Sprouts Farmers Market by 59.8% in 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Bank of America raised their price objective on Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. 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 target price for the company. Nine equities research 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.80.

Insider Activity

In other news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now owns 10,895 shares in the company, valued at $1,089,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,221 shares of company stock worth $12,296,487. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM opened at $115.11 on Wednesday. The firm has a market capitalization of $11.57 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The business’s 50-day moving average is $102.48 and its two-hundred day moving average is $84.76. Sprouts Farmers Market, Inc. has a 1 year low of $39.76 and a 1 year high of $115.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

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.