Pinkerton Retirement Specialists LLC Buys Shares of 7,445 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Pinkerton Retirement Specialists LLC bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,445 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors also recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $26,000. Crewe Advisors LLC raised its position in shares of 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 acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $29,000. Blue Bell Private Wealth Management LLC bought a new position in Sprouts Farmers Market during the 1st quarter worth $36,000. Finally, Principal Securities Inc. bought a new position in Sprouts Farmers Market during the 4th quarter worth $54,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Roth Mkm upped their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday. They issued a “sector perform” rating and a $107.00 price target for the company. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, UBS Group increased their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $96.56.

Sprouts Farmers Market Trading Up 1.0 %

Shares of NASDAQ SFM opened at $101.73 on Friday. Sprouts Farmers Market, Inc. has a 12 month low of $39.24 and a 12 month high of $104.41. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.86 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 business has a fifty day simple moving average of $93.46 and a 200-day simple moving average of $78.68.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $0.71 earnings per share. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insider Activity

In related news, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the completion of the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,718 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total value of $440,686.26. Following the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. The disclosure for this sale can be found here. Insiders sold a total of 128,939 shares of company stock valued at $12,571,295 over the last three months. 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.