Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,645 shares of the company’s stock after buying an additional 158 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SFM. Crewe Advisors LLC raised its stake in Sprouts Farmers Market by 223.5% during the 2nd 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 position in shares of Sprouts Farmers Market during the second quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at $38,000. Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in Sprouts Farmers Market during the 2nd quarter worth about $63,000.

Insider Activity

In related 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 completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director Hari K. Avula sold 2,500 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the transaction, the director now owns 10,554 shares of the company’s stock, valued at approximately $1,018,461. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Up 0.5 %

Shares of Sprouts Farmers Market stock opened at $119.32 on Monday. Sprouts Farmers Market, Inc. has a 12-month low of $39.76 and a 12-month high of $120.69. The stock has a market capitalization of $11.95 billion, a P/E ratio of 37.40, a PEG ratio of 3.36 and a beta of 0.56. 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 stock has a 50 day moving average price of $107.64 and a two-hundred day moving average price of $89.61.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The business 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%. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Equities analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America upped their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm lifted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Finally, Evercore ISI raised their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.40.

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.