Townsquare Capital LLC Sells 13,119 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Townsquare Capital LLC decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,402 shares of the company’s stock after selling 13,119 shares during the quarter. Townsquare Capital LLC’s holdings in Sprouts Farmers Market were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 third quarter valued at about $25,000. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the third quarter valued at approximately $38,000. Finally, Quarry LP boosted 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 valued at $40,000 after purchasing an additional 442 shares during the period.

Insiders Place Their Bets

In related news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the sale, the insider now directly owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. This represents a 30.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $104,625.60. Following the sale, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,516 shares of company stock worth $4,465,466. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Trading Up 1.7 %

SFM opened at $154.48 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52 week low of $41.27 and a 52 week high of $155.64. The stock has a market cap of $15.45 billion, a PE ratio of 44.65, a PEG ratio of 2.30 and a beta of 0.54. The business has a 50 day moving average of $126.21 and a 200-day moving average of $101.35.

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

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Melius Research assumed coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Finally, Royal Bank of Canada began coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $115.40.

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.