Lindenwold Advisors INC Decreases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lindenwold Advisors INC cut its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,808 shares of the company’s stock after selling 2,664 shares during the quarter. Lindenwold Advisors INC’s holdings in Sprouts Farmers Market were worth $992,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SFM. Unified Investment Management purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth $1,161,000. JPMorgan Chase & Co. lifted its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after acquiring an additional 156,175 shares during the last quarter. World Investment Advisors LLC purchased a new position in Sprouts Farmers Market in the third quarter worth about $13,348,000. First Hawaiian Bank bought a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $1,517,000. Finally, Charles Schwab Investment Management Inc. raised its position in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after purchasing an additional 48,103 shares during the period.

Sprouts Farmers Market Trading Down 2.3 %

Shares of NASDAQ SFM opened at $137.81 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $150.79 and a two-hundred day simple moving average of $135.17. The firm has a market cap of $13.59 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. Analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now directly owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. The trade was a 14.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the sale, the chief executive officer now owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,690 shares of company stock valued at $1,869,825 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Evercore ISI dropped their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. increased their target price on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. BMO Capital Markets raised their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, February 21st. Finally, Roth Mkm upped their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $162.92.

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.