Sanctuary Advisors LLC Purchases Shares of 14,176 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sanctuary Advisors LLC purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 14,176 shares of the company’s stock, valued at approximately $1,186,000.

A number of other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers lifted its stake in shares of Sprouts Farmers Market by 42.2% in the 2nd quarter. Cetera Investment Advisers now owns 74,943 shares of the company’s stock valued at $6,270,000 after purchasing an additional 22,246 shares during the period. Quarry LP raised its position in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares during the period. Creative Planning boosted its stake in shares of Sprouts Farmers Market by 29.8% during the 2nd quarter. Creative Planning now owns 29,962 shares of the company’s stock worth $2,507,000 after acquiring an additional 6,871 shares in the last quarter. Algert Global LLC grew its position in shares of Sprouts Farmers Market by 57.0% during the 2nd quarter. Algert Global LLC now owns 51,540 shares of the company’s stock valued at $4,312,000 after acquiring an additional 18,710 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in shares of Sprouts Farmers Market by 7.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 734,992 shares of the company’s stock valued at $61,489,000 after purchasing an additional 53,165 shares in the last quarter.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $112.93 on Friday. The company has a fifty day simple moving average of $103.00 and a 200-day simple moving average of $85.16. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 3.21 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $39.76 and a 52-week high of $115.99.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations 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 was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. UBS Group increased their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Evercore ISI upgraded shares of Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $120.00 in a research report on Monday, September 16th. Finally, Bank of America lifted their target price on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $99.80.

Insider Activity

In related news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares in the company, valued at approximately $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Stacy W. Hilgendorf sold 1,904 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total value of $192,532.48. Following the completion of the sale, the vice president now owns 10,237 shares of the company’s stock, valued at $1,035,165.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares in the company, valued at approximately $1,089,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,221 shares of company stock worth $12,296,487 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.