TFB Advisors LLC Has $720,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

TFB Advisors LLC decreased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,523 shares of the company’s stock after selling 589 shares during the quarter. TFB Advisors LLC’s holdings in Sprouts Farmers Market were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFM. Crewe Advisors LLC raised its stake in 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 period. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at $29,000. Quarry LP grew its holdings in 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 in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth $60,000.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent research reports. Royal Bank of Canada began coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. Evercore ISI increased their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. 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 for the company. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Roth Mkm raised their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.40.

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred 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 $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Hari K. Avula sold 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the sale, the director now directly owns 10,554 shares in the company, valued at approximately $1,018,461. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction that occurred 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 directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,148 shares of company stock valued at $6,143,836. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Trading Down 0.1 %

Shares of SFM stock opened at $140.65 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.98 and a fifty-two week high of $142.29. The stock’s fifty day moving average price is $113.03 and its two-hundred day moving average price is $93.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market cap of $14.06 billion, a PE ratio of 40.65, a P/E/G ratio of 1.99 and a beta of 0.54.

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