Captrust Financial Advisors Sells 120 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Captrust Financial Advisors lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,318 shares of the company’s stock after selling 120 shares during the period. Captrust Financial Advisors’ holdings in Sprouts Farmers Market were worth $256,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth about $25,000. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $38,000. Finally, Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Melius Research assumed coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective for the company. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.40.

Sprouts Farmers Market Trading Down 1.2 %

Shares of NASDAQ:SFM opened at $147.79 on Monday. The company has a 50-day simple moving average of $135.11 and a 200 day simple moving average of $107.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market capitalization of $14.78 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. Sprouts Farmers Market, Inc. has a 52-week low of $46.74 and a 52-week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm 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%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In other news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares in the company, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Sinclair sold 30,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the transaction, the chief executive officer now directly owns 163,862 shares in the company, valued at $24,454,764.88. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,855 shares of company stock worth $8,323,697. Corporate insiders own 1.10% of the company’s stock.

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.