Cullen Frost Bankers Inc. Decreases Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cullen Frost Bankers Inc. reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 922 shares of the company’s stock after selling 409 shares during the period. Cullen Frost Bankers Inc.’s holdings in Sprouts Farmers Market were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in Sprouts Farmers Market during the first quarter worth about $26,000. Crewe Advisors LLC raised its stake in Sprouts Farmers Market by 223.5% during the second 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 during the second quarter worth about $29,000. Blue Bell Private Wealth Management LLC purchased a new position in Sprouts Farmers Market during the first quarter worth about $36,000. Finally, Principal Securities Inc. purchased a new position in Sprouts Farmers Market during the fourth quarter worth about $54,000.

Sprouts Farmers Market Stock Up 1.4 %

SFM stock opened at $101.55 on Wednesday. The company has a fifty day moving average price of $92.72 and a 200 day moving average price of $78.36. Sprouts Farmers Market, Inc. has a 12 month low of $39.24 and a 12 month high of $104.41. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. Sprouts Farmers Market’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

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 on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares in the company, valued at approximately $20,452,113.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the transaction, the insider now owns 14,293 shares of the company’s stock, valued at approximately $1,462,030.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,939 shares of company stock worth $12,571,295. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on SFM. Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group boosted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Finally, Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $95.25.

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.