Lindenwold Advisors INC Buys 360 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lindenwold Advisors INC grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,472 shares of the company’s stock after acquiring an additional 360 shares during the period. Lindenwold Advisors INC’s holdings in Sprouts Farmers Market were worth $1,156,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Sprouts Farmers Market by 26.3% in the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after buying an additional 126 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Sprouts Farmers Market by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after acquiring an additional 158 shares during the period. Finally, Hanseatic Management Services Inc. increased its holdings in Sprouts Farmers Market by 23.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 931 shares of the company’s stock worth $103,000 after acquiring an additional 176 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Melius Research started coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Royal Bank of Canada began coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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 company currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Insider Activity at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the sale, the director now owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the sale, the chief executive officer now owns 222,432 shares of the company’s stock, valued at $22,485,650.88. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,648 shares of company stock valued at $5,902,586. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Down 0.4 %

Shares of Sprouts Farmers Market stock opened at $141.42 on Tuesday. The company has a 50 day simple moving average of $119.12 and a two-hundred day simple moving average of $97.60. The firm has a market cap of $14.14 billion, a PE ratio of 40.87, a PEG ratio of 2.15 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 1 year low of $40.39 and a 1 year high of $148.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal 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.