Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,902 shares of the company’s stock after purchasing an additional 1,736 shares during the quarter. Inspire Investing LLC’s holdings in Sprouts Farmers Market were worth $2,197,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC lifted its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the second quarter worth approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth approximately $26,000. Quarry LP increased its stake in shares of 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 buying an additional 442 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Sprouts Farmers Market by 26.3% during the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after buying an additional 126 shares during the period.

Insider Activity at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 1,904 shares of Sprouts Farmers Market stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total value of $192,532.48. Following the transaction, the vice president now directly owns 10,237 shares in the company, valued at $1,035,165.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $192,532.48. Following the completion of the sale, the vice president now owns 10,237 shares in the company, valued at $1,035,165.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,221 shares of company stock worth $12,296,487 in the last three months. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM stock opened at $116.12 on Friday. The company has a market capitalization of $11.67 billion, a P/E ratio of 40.04, a PEG ratio of 3.24 and a beta of 0.56. Sprouts Farmers Market, Inc. has a twelve month low of $39.76 and a twelve month high of $116.24. The business has a 50 day simple moving average of $103.37 and a 200-day simple moving average of $85.67. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SFM shares. Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $96.00 to $120.00 in a research note on Monday, September 16th. Bank of America upped their target price on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, Roth Mkm increased their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.