Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,814 shares of the company’s stock after selling 628 shares during the period. CreativeOne Wealth LLC’s holdings in Sprouts Farmers Market were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SFM. Tidal Investments LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $736,000. Cetera Investment Advisers boosted its holdings in Sprouts Farmers Market by 505.2% in the first quarter. Cetera Investment Advisers now owns 52,697 shares of the company’s stock valued at $3,398,000 after acquiring an additional 43,990 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Sprouts Farmers Market during the first quarter valued at about $349,000. GAMMA Investing LLC increased its stake in Sprouts Farmers Market by 37.1% during the second quarter. GAMMA Investing LLC now owns 1,272 shares of the company’s stock worth $106,000 after acquiring an additional 344 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 208.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 109,254 shares of the company’s stock worth $9,140,000 after purchasing an additional 73,807 shares during the period.

Sprouts Farmers Market Stock Up 1.7 %

Shares of Sprouts Farmers Market stock opened at $154.48 on Monday. Sprouts Farmers Market, Inc. has a 1-year low of $41.27 and a 1-year high of $155.64. The company has a market capitalization of $15.45 billion, a PE ratio of 44.65, a P/E/G ratio of 2.33 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a 50-day moving average of $127.19 and a 200-day moving average of $102.07.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 1,997 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now directly owns 26,172 shares in the company, valued at approximately $2,596,262.40. This trade represents a 7.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total transaction of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares of the company’s stock, valued at approximately $22,485,650.88. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,516 shares of company stock valued at $4,465,466. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America boosted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of 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 upped their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Evercore ISI raised their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.40.

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.