Sanctuary Advisors LLC Boosts Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sanctuary Advisors LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,578 shares of the company’s stock after buying an additional 1,402 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sprouts Farmers Market were worth $1,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SFM. Accent Capital Management LLC purchased a new position in Sprouts Farmers Market during the 3rd quarter valued at about $25,000. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market in the 2nd quarter valued at $29,000. Finally, First Horizon Advisors Inc. boosted its holdings in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Melius Research started coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Wells Fargo & Company upped 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. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average price target of $118.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $112.41, for a total value of $642,310.74. Following the sale, the chief executive officer now owns 211,004 shares of the company’s stock, valued at $23,718,959.64. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now directly owns 17,991 shares of the company’s stock, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,569 shares of company stock valued at $9,117,886 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

SFM stock opened at $134.69 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market cap of $13.47 billion, a P/E ratio of 38.93, a P/E/G ratio of 2.23 and a beta of 0.58. The firm’s fifty day moving average is $136.60 and its 200 day moving average is $108.23. Sprouts Farmers Market, Inc. has a 52 week low of $47.63 and a 52 week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. 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 earned $0.65 earnings per share. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

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.