AlphaMark Advisors LLC Has $365,000 Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AlphaMark Advisors LLC lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.6% during the third quarter, HoldingsChannel.com reports. The fund owned 3,308 shares of the company’s stock after selling 1,525 shares during the period. AlphaMark Advisors LLC’s holdings in Sprouts Farmers Market were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bleakley Financial Group LLC bought a new stake in shares of Sprouts Farmers Market during the third quarter worth $347,000. Creative Planning boosted its stake in shares of Sprouts Farmers Market by 26.8% during the third quarter. Creative Planning now owns 37,979 shares of the company’s stock valued at $4,193,000 after purchasing an additional 8,017 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Sprouts Farmers Market during the third quarter worth about $857,000. Annex Advisory Services LLC raised its holdings in Sprouts Farmers Market by 10.3% in the 3rd quarter. Annex Advisory Services LLC now owns 185,515 shares of the company’s stock valued at $20,483,000 after buying an additional 17,399 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Sprouts Farmers Market by 9.6% during the 3rd quarter. Inspire Investing LLC now owns 19,902 shares of the company’s stock worth $2,197,000 after buying an additional 1,736 shares during the period.

Analyst Ratings Changes

SFM has been the topic of several analyst reports. Wells Fargo & Company raised shares of 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 note on Tuesday, July 30th. UBS Group increased their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price objective for the company. Roth Mkm upped their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $99.80.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $116.65 on Friday. The firm has a 50 day moving average of $105.09 and a 200-day moving average of $86.97. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 3.28 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $39.76 and a 52 week high of $117.98.

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

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the transaction, the insider now owns 10,895 shares in the company, valued at $1,089,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,142 shares of company stock valued at $12,401,112 in the last three months. Corporate insiders own 1.10% of the company’s stock.

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.