Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. lifted its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 931 shares of the company’s stock after acquiring an additional 176 shares during the period. Hanseatic Management Services Inc.’s holdings in Sprouts Farmers Market were worth $103,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SFM. Crewe Advisors LLC lifted its position in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth $38,000. Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new position in Sprouts Farmers Market in the third quarter valued at about $60,000.

Insider Buying and Selling at Sprouts Farmers Market

In related 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 value of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Joel D. Anderson sold 20,851 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the transaction, the director now owns 18,809 shares in the company, valued at $1,808,673.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares of the company’s stock, valued at approximately $2,651,373.76. 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 have sold 73,999 shares of company stock worth $8,148,868. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Up 3.5 %

Shares of Sprouts Farmers Market stock opened at $140.86 on Thursday. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $142.29. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.99 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $112.27 and its 200-day simple moving average is $93.07.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent research reports. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday. Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. Roth Mkm raised their target price on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $115.40.

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.