Resonant Capital Advisors LLC Cuts Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Resonant Capital Advisors LLC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,635 shares of the company’s stock after selling 240 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Sprouts Farmers Market were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SFM. Raymond James & Associates lifted its holdings in Sprouts Farmers Market by 42.4% in the third quarter. Raymond James & Associates now owns 44,124 shares of the company’s stock valued at $4,872,000 after acquiring an additional 13,142 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Sprouts Farmers Market by 100.0% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 4,000 shares of the company’s stock valued at $442,000 after purchasing an additional 2,000 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Sprouts Farmers Market by 84.0% in the third quarter. Blue Trust Inc. now owns 3,213 shares of the company’s stock valued at $355,000 after purchasing an additional 1,467 shares during the period. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth about $38,000. Finally, Bleakley Financial Group LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth about $347,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. UBS Group boosted their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft raised their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Evercore ISI raised Sprouts Farmers Market from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $96.00 to $120.00 in a research note on Monday, September 16th. Finally, Royal Bank of Canada assumed coverage on shares of 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. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $99.80.

Sprouts Farmers Market Trading Down 0.7 %

Shares of SFM stock opened at $115.80 on Monday. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 3.28 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $105.48 and a 200 day moving average price of $87.67. Sprouts Farmers Market, Inc. has a twelve month low of $39.76 and a twelve month high of $117.98.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Timmi Zalatoris sold 56,800 shares of the firm’s stock in a transaction 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 sale, the insider now owns 10,895 shares in the company, valued at $1,089,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,142 shares of company stock worth $12,401,112. Insiders own 1.10% of the company’s stock.

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.