1,411 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Coston McIsaac & Partners

Coston McIsaac & Partners purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,411 shares of the company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds have also modified their holdings of SFM. Vanguard Group Inc. grew its position in shares of Sprouts Farmers Market by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 10,715,970 shares of the company’s stock worth $690,966,000 after buying an additional 29,362 shares during the period. Renaissance Technologies LLC lifted its position in shares of Sprouts Farmers Market by 15.4% in the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Sprouts Farmers Market by 9.8% during the 1st quarter. Nordea Investment Management AB now owns 3,336,707 shares of the company’s stock worth $216,419,000 after buying an additional 297,067 shares during the last quarter. Marshall Wace LLP boosted its position in Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sprouts Farmers Market by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock valued at $96,080,000 after buying an additional 6,085 shares during the last quarter.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction 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 owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy W. Hilgendorf sold 1,904 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the transaction, the vice president now owns 10,237 shares in the company, valued at $1,035,165.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,142 shares of company stock worth $12,401,112. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SFM. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. UBS Group increased their target price 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. Evercore ISI lifted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday. 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 on the stock. Finally, BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $102.40.

Sprouts Farmers Market Price Performance

Shares of SFM traded down $0.60 during trading hours on Wednesday, reaching $117.67. The stock had a trading volume of 235,029 shares, compared to its average volume of 1,304,129. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a 12 month low of $39.76 and a 12 month high of $118.59. The stock has a market capitalization of $11.78 billion, a PE ratio of 37.08, a PEG ratio of 3.29 and a beta of 0.56. The company’s 50-day moving average is $106.35 and its two-hundred day moving average is $88.44.

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

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.