Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,434 shares of the company’s stock after selling 3,482 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Sprouts Farmers Market worth $9,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc grew its position in shares of Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock valued at $322,000 after purchasing an additional 101 shares during the period. Caprock Group LLC boosted its stake in Sprouts Farmers Market by 1.9% in the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after buying an additional 102 shares during the last quarter. UMB Bank n.a. grew its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after buying an additional 126 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Sprouts Farmers Market by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after acquiring an additional 148 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Sprouts Farmers Market by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock worth $402,000 after acquiring an additional 158 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $145.89 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market, Inc. has a one year low of $40.62 and a one year high of $148.56. The stock’s 50 day moving average price is $120.80 and its 200 day moving average price is $98.40. The firm has a market capitalization of $14.59 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada started coverage on shares of 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. Evercore ISI increased their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $115.40.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kristen E. Blum sold 2,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 51,627 shares in the company, valued at approximately $5,162,700. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,148 shares of company stock worth $5,853,826. 1.10% of the stock is currently owned by corporate insiders.

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.