Abundance Wealth Counselors Sells 624 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Abundance Wealth Counselors reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,221 shares of the company’s stock after selling 624 shares during the quarter. Abundance Wealth Counselors’ holdings in Sprouts Farmers Market were worth $353,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new position in Sprouts Farmers Market during the fourth quarter valued at $1,378,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sprouts Farmers Market by 8.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Sprouts Farmers Market by 411.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,538,410 shares of the company’s stock worth $74,013,000 after purchasing an additional 1,237,610 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Sprouts Farmers Market by 10.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 158,767 shares of the company’s stock worth $7,638,000 after purchasing an additional 14,401 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Sprouts Farmers Market by 78.8% in the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock worth $1,684,000 after acquiring an additional 11,508 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Roth Mkm boosted their target price on 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 boosted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. Finally, UBS Group boosted their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $93.38.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $78.48, for a total value of $392,400.00. Following the completion of the transaction, the director now owns 52,966 shares in the company, valued at $4,156,771.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Sprouts Farmers Market news, Director Hari K. Avula sold 2,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the transaction, the director now directly owns 10,554 shares in the company, valued at $1,018,461. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joe Fortunato sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $78.48, for a total transaction of $392,400.00. Following the completion of the sale, the director now owns 52,966 shares in the company, valued at $4,156,771.68. The disclosure for this sale can be found here. Insiders have sold a total of 112,096 shares of company stock valued at $10,750,846 over the last quarter. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Up 3.0 %

Shares of SFM traded up $2.82 during midday trading on Thursday, hitting $98.40. 844,106 shares of the company’s stock traded hands, compared to its average volume of 1,363,940. Sprouts Farmers Market, Inc. has a 1 year low of $37.16 and a 1 year high of $103.80. The firm’s fifty day moving average is $84.71 and its 200-day moving average is $71.81. 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 stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share 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.