Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,166 shares of the company’s stock after selling 7,947 shares during the quarter. Inspire Investing LLC’s holdings in Sprouts Farmers Market were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SFM. Rise Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the first quarter worth $26,000. Crewe Advisors LLC lifted its holdings 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 acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market in the second quarter worth approximately $29,000. Principal Securities Inc. purchased a new stake in Sprouts Farmers Market in the fourth quarter valued at approximately $54,000. Finally, Hanseatic Management Services Inc. acquired a new position in Sprouts Farmers Market during the second quarter worth approximately $63,000.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market 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 sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $83.38, for a total transaction of $476,433.32. Following the sale, the chief executive officer now directly owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,221 shares of company stock worth $12,130,609. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Price Performance

Shares of NASDAQ SFM opened at $105.44 on Friday. 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, Inc. has a 1-year low of $39.50 and a 1-year high of $107.90. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 3.03 and a beta of 0.56. The business has a 50-day moving average of $95.80 and a 200-day moving average of $80.19.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.71 EPS. Sprouts Farmers Market’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Evercore ISI upgraded Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $96.00 to $120.00 in a report on Monday. Royal Bank of Canada assumed 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 for the company. Roth Mkm raised their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target of $99.22.

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.