Wealth Enhancement Advisory Services LLC Sells 92 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wealth Enhancement Advisory Services LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,776 shares of the company’s stock after selling 92 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sprouts Farmers Market were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after purchasing an additional 973,666 shares during the last quarter. Renaissance Technologies LLC grew its stake in Sprouts Farmers Market by 15.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after acquiring an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Sprouts Farmers Market by 2,577.7% during the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock worth $49,980,000 after acquiring an additional 435,767 shares during the period. Hennessy Advisors Inc. increased its position in shares of Sprouts Farmers Market by 41.3% during the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after acquiring an additional 235,100 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Sprouts Farmers Market by 314.8% during the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock valued at $18,727,000 after acquiring an additional 169,888 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on SFM. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price objective on the stock. Melius Research began coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Eight 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 a consensus rating of “Hold” and a consensus target price of $115.40.

Insiders Place Their Bets

In other news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Dustin Hamilton sold 500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the completion of the transaction, the chief executive officer now directly owns 222,432 shares in the company, valued at approximately $22,485,650.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,148 shares of company stock valued at $6,143,836. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Up 3.2 %

NASDAQ:SFM opened at $145.15 on Friday. The company’s 50-day simple moving average is $113.85 and its 200-day simple moving average is $93.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.98 and a fifty-two week high of $146.27. The stock has a market capitalization of $14.51 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.13 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 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share 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.