Consolidated Portfolio Review Corp Makes New Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Consolidated Portfolio Review Corp purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,219 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFM. Crewe Advisors LLC grew its position in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the second quarter valued at $29,000. Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market in the third quarter worth $60,000.

Sprouts Farmers Market Price Performance

SFM opened at $119.32 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The stock has a market capitalization of $11.95 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.56. The company’s 50 day simple moving average is $107.64 and its 200-day simple moving average is $89.43. Sprouts Farmers Market, Inc. has a one year low of $39.76 and a one year high of $120.69.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Sprouts Farmers Market news, Director Joe Fortunato sold 7,895 shares of Sprouts Farmers Market stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $98.38, for a total transaction of $776,710.10. Following the transaction, the director now directly owns 45,071 shares in the company, valued at approximately $4,434,084.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 124,142 shares of company stock worth $12,401,112. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SFM. 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 report on Friday. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.40.

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.