Klein Pavlis & Peasley Financial Inc. Reduces Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Klein Pavlis & Peasley Financial Inc. lowered its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,935 shares of the company’s stock after selling 4,417 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Sprouts Farmers Market were worth $1,333,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Sprouts Farmers Market by 135.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 69,881 shares of the company’s stock worth $5,846,000 after purchasing an additional 40,212 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Sprouts Farmers Market during the second quarter worth about $167,000. Hyman Charles D acquired a new stake in Sprouts Farmers Market in the second quarter valued at about $242,000. Bank of New York Mellon Corp boosted its holdings in Sprouts Farmers Market by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock valued at $96,080,000 after purchasing an additional 6,085 shares in the last quarter. Finally, Keynote Financial Services LLC acquired a new position in Sprouts Farmers Market during the 2nd quarter worth approximately $204,000.

Sprouts Farmers Market Trading Up 1.6 %

Sprouts Farmers Market stock traded up $1.62 during trading on Tuesday, reaching $102.64. The company had a trading volume of 1,027,642 shares, compared to its average volume of 1,363,039. Sprouts Farmers Market, Inc. has a 12-month low of $38.46 and a 12-month high of $103.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The stock’s 50 day moving average price is $88.72 and its two-hundred day moving average price is $75.00. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 2.81 and a beta of 0.55.

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

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Stacy W. Hilgendorf sold 1,904 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $101.12, for a total value of $192,532.48. Following the completion of the sale, the vice president now directly owns 10,237 shares of the company’s stock, valued at $1,035,165.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The disclosure for this sale can be found here. In the last three months, insiders sold 107,596 shares of company stock valued at $10,407,206. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SFM. 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. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America lifted their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a report on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $93.38.

Sprouts Farmers Market 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.