Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Lessened by Petix & Botte Co

Petix & Botte Co cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,194 shares of the company’s stock after selling 480 shares during the period. Petix & Botte Co’s holdings in Sprouts Farmers Market were worth $353,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC grew its holdings 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 valued at $27,000 after purchasing an additional 219 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter worth $38,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the second quarter worth $29,000. Rise Advisors LLC acquired a new stake in Sprouts Farmers Market in the first quarter worth $26,000. Finally, Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the last quarter.

Insider Activity

In other news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stacy W. Hilgendorf sold 1,904 shares of the company’s 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 sale, the vice president now directly owns 10,237 shares of the company’s stock, valued at approximately $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 sold a total of 124,142 shares of company stock worth $12,401,112 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on SFM. Roth Mkm upped their price target 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. Bank of America raised their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research report on Tuesday, July 30th. UBS Group raised their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Finally, Royal Bank of Canada assumed coverage on 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. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $99.80.

Sprouts Farmers Market Price Performance

Shares of Sprouts Farmers Market stock traded down $0.85 during trading on Friday, hitting $115.80. The stock had a trading volume of 618,439 shares, compared to its average volume of 1,312,908. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The firm has a market cap of $11.64 billion, a P/E ratio of 39.93, a PEG ratio of 3.28 and a beta of 0.56. The business has a fifty day moving average of $105.48 and a two-hundred day moving average of $87.50. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $117.98.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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 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 company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal 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.