Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lowered its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,257 shares of the company’s stock after selling 257 shares during the period. Chicago Partners Investment Group LLC’s holdings in Sprouts Farmers Market were worth $1,219,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Sprouts Farmers Market by 8.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after buying an additional 48,225 shares during the period. Inspire Investing LLC boosted its stake in Sprouts Farmers Market by 78.8% in the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after buying an additional 11,508 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after buying an additional 6,286 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Sprouts Farmers Market during the 1st quarter valued at about $1,643,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Evercore ISI increased their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Trading Up 1.4 %

SFM opened at $130.21 on Monday. The firm’s 50 day moving average is $110.21 and its 200-day moving average is $91.55. Sprouts Farmers Market, Inc. has a 52-week low of $39.98 and a 52-week high of $135.10. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $13.02 billion, a P/E ratio of 37.63, a P/E/G ratio of 2.73 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results 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 for 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 firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Analysts expect that Sprouts Farmers Market, Inc. will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares in the company, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joel D. Anderson sold 20,851 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the transaction, the director now owns 18,809 shares of the company’s stock, valued at approximately $1,808,673.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dustin Hamilton sold 921 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the sale, the insider now directly owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This 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 have sold 51,829 shares of company stock worth $5,206,068. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market 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.