Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Cut by CreativeOne Wealth LLC

CreativeOne Wealth LLC decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,814 shares of the company’s stock after selling 628 shares during the quarter. CreativeOne Wealth LLC’s holdings in Sprouts Farmers Market were worth $421,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of Sprouts Farmers Market during the first quarter valued at approximately $736,000. Cetera Investment Advisers boosted its holdings in shares of Sprouts Farmers Market by 505.2% in the first quarter. Cetera Investment Advisers now owns 52,697 shares of the company’s stock valued at $3,398,000 after acquiring an additional 43,990 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the first quarter valued at approximately $349,000. GAMMA Investing LLC raised its holdings in Sprouts Farmers Market by 37.1% during the second quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock worth $106,000 after purchasing an additional 344 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Sprouts Farmers Market by 208.2% in the second quarter. Harbor Capital Advisors Inc. now owns 109,254 shares of the company’s stock worth $9,140,000 after purchasing an additional 73,807 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SFM shares. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets raised 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 report on Thursday, October 31st. The Goldman Sachs Group boosted their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have given 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.

Sprouts Farmers Market Price Performance

SFM opened at $154.48 on Monday. The firm has a market capitalization of $15.45 billion, a P/E ratio of 44.65, a PEG ratio of 2.33 and a beta of 0.54. The stock has a fifty day moving average of $127.19 and a 200-day moving average of $102.07. 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 12-month low of $41.27 and a 12-month high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $1.95 billion during 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%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $112.41, for a total value of $642,310.74. Following the completion of the sale, the chief executive officer now owns 211,004 shares of the company’s stock, valued at approximately $23,718,959.64. The trade was a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dustin Hamilton sold 1,997 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,516 shares of company stock worth $4,465,466. 1.10% of the stock is currently owned by company insiders.

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.