GSA Capital Partners LLP Decreases Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

GSA Capital Partners LLP lowered its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 72.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,193 shares of the company’s stock after selling 11,239 shares during the period. GSA Capital Partners LLP’s holdings in Sprouts Farmers Market were worth $463,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. UMB Bank n.a. grew its stake in shares of Sprouts Farmers Market by 26.3% in the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after purchasing an additional 126 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Sprouts Farmers Market by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after purchasing an additional 148 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after purchasing an additional 158 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in shares of Sprouts Farmers Market by 23.3% in the third quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock worth $103,000 after purchasing an additional 176 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 5,097 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $102.00, for a total value of $519,894.00. Following the transaction, the insider now directly owns 26,138 shares of the company’s stock, valued at approximately $2,666,076. This trade represents a 16.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kristen E. Blum sold 2,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 51,627 shares in the company, valued at approximately $5,162,700. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,148 shares of company stock valued at $5,853,826. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $142.75 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $120.80 and its 200-day moving average price is $98.40. Sprouts Farmers Market, Inc. has a 52 week low of $40.39 and a 52 week high of $148.56. The stock has a market cap of $14.27 billion, a P/E ratio of 41.26, a P/E/G ratio of 2.15 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the topic of several recent analyst reports. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday. 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Bank of America lifted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.40.

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.