Vista Investment Partners LLC Sells 16,411 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Vista Investment Partners LLC decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 86,918 shares of the company’s stock after selling 16,411 shares during the period. Sprouts Farmers Market makes up 3.1% of Vista Investment Partners LLC’s holdings, making the stock its 4th largest position. Vista Investment Partners LLC owned 0.09% of Sprouts Farmers Market worth $9,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC grew its holdings in shares of Sprouts Farmers Market by 142.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 39,584 shares of the company’s stock valued at $2,552,000 after buying an additional 23,262 shares during the period. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $26,000. RFG Advisory LLC acquired a new stake in shares of Sprouts Farmers Market in the 1st quarter valued at about $271,000. Annex Advisory Services LLC grew its holdings in shares of Sprouts Farmers Market by 8.5% during the first quarter. Annex Advisory Services LLC now owns 197,789 shares of the company’s stock worth $12,753,000 after buying an additional 15,449 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Sprouts Farmers Market during the 1st quarter worth approximately $399,000.

Sprouts Farmers Market Stock Performance

SFM opened at $116.65 on Friday. The business has a fifty day simple moving average of $105.09 and a 200 day simple moving average of $86.97. Sprouts Farmers Market, Inc. has a 1 year low of $39.76 and a 1 year high of $117.98. The company has a market capitalization of $11.68 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% on a year-over-year basis. Research analysts expect that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares in the company, valued at $1,089,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. 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 ninety days, insiders sold 124,142 shares of company stock worth $12,401,112. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $40.00 to $102.00 in a research report on Tuesday, July 30th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Roth Mkm boosted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, 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 on the stock. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $99.80.

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.