Hancock Whitney Corp Has $21.40 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hancock Whitney Corp decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,826 shares of the company’s stock after selling 1,312 shares during the period. Hancock Whitney Corp owned approximately 0.19% of Sprouts Farmers Market worth $21,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SFM. Accent Capital Management LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its stake in 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 acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the second quarter worth $29,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at $38,000. Finally, Quarry LP raised its holdings 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 valued at $40,000 after purchasing an additional 442 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SFM. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $115.40.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 1,997 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $99.20, for a total transaction of $198,102.40. Following the transaction, the insider now owns 26,172 shares of the company’s stock, valued at $2,596,262.40. This represents a 7.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,148 shares of company stock worth $5,653,826. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.9 %

NASDAQ SFM opened at $148.47 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $122.58 and a 200 day simple moving average of $99.58. Sprouts Farmers Market, Inc. has a 12 month low of $41.27 and a 12 month high of $148.56. The firm has a market capitalization of $14.85 billion, a P/E ratio of 42.52, a PEG ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

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.