Wealth Enhancement Advisory Services LLC Sells 92 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,776 shares of the company’s stock after selling 92 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $527,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Crewe Advisors LLC boosted its position 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 buying an additional 219 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the second quarter worth approximately $29,000. Quarry LP raised its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market during the third quarter valued at approximately $60,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SFM. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Bank of America raised their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average price target of $115.40.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40. Following the sale, the chief executive officer now owns 199,576 shares in the company, valued at $26,463,777.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,148 shares of company stock worth $6,143,836. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $145.15 on Friday. The company has a market capitalization of $14.51 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.13 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 1-year low of $39.98 and a 1-year high of $146.27. The firm’s 50 day simple moving average is $113.85 and its two-hundred day simple moving average is $93.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS 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.