Klein Pavlis & Peasley Financial Inc. Sells 3,964 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Klein Pavlis & Peasley Financial Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 24.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,971 shares of the company’s stock after selling 3,964 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Sprouts Farmers Market were worth $1,322,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SFM. UMB Bank n.a. raised its position in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after buying an additional 126 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Sprouts Farmers Market by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after buying an additional 158 shares during the last quarter. Ironwood Investment Counsel LLC raised its position in Sprouts Farmers Market by 3.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after buying an additional 195 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in shares of 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 purchasing an additional 219 shares during the last quarter.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at $22,338,307.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dustin Hamilton sold 921 shares of the 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 completion of the sale, the insider now directly owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,142 shares of company stock valued at $12,401,112 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $119.32 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $120.69. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.75 and a beta of 0.56. The stock has a fifty day moving average price of $107.64 and a 200-day moving average price of $89.61.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the topic of several recent analyst reports. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. 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 target on the stock. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. Finally, Bank of America boosted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $104.40.

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.