Forte Capital LLC ADV Sells 2,177 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Forte Capital LLC ADV decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,804 shares of the company’s stock after selling 2,177 shares during the quarter. Sprouts Farmers Market comprises approximately 1.3% of Forte Capital LLC ADV’s investment portfolio, making the stock its 20th biggest position. Forte Capital LLC ADV owned about 0.10% of Sprouts Farmers Market worth $11,461,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Crewe Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 223.5% in 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 during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at about $38,000. Quarry LP grew its stake in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in Sprouts Farmers Market during the 3rd quarter valued at about $60,000.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,999 shares of company stock valued at $8,148,868 in the last quarter. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI lifted their price target on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday. Melius Research assumed coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $140.86 on Thursday. The company has a market capitalization of $14.08 billion, a PE ratio of 40.71, a P/E/G ratio of 1.99 and a beta of 0.54. The firm has a fifty day simple moving average of $112.27 and a two-hundred day simple moving average of $93.07. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $142.29.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

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.