Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Position Decreased by Inspire Advisors LLC

Inspire Advisors LLC trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 17.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,945 shares of the company’s stock after selling 605 shares during the period. Inspire Advisors LLC’s holdings in Sprouts Farmers Market were worth $325,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC bought a new position in Sprouts Farmers Market during the first quarter valued at about $26,000. Crewe Advisors LLC raised 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 in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Finally, Quarry LP boosted its position in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the sale, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. 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 three months, insiders sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $115.80 on Friday. Sprouts Farmers Market, Inc. has a one year low of $39.76 and a one year high of $117.98. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $105.48 and a 200 day simple moving average of $87.33. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 3.28 and a beta of 0.56.

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

Wall Street Analyst Weigh In

SFM has been the topic of a number of recent analyst reports. Melius Research assumed 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. 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 research report on Tuesday, July 30th. Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their price target for the company from $96.00 to $120.00 in a report on Monday, September 16th. The Goldman Sachs Group lifted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $99.80.

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.