Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC decreased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 51,490 shares of the company’s stock after selling 23,208 shares during the quarter. Isthmus Partners LLC’s holdings in Sprouts Farmers Market were worth $5,685,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of Sprouts Farmers Market by 15.4% during the second quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock worth $371,295,000 after buying an additional 593,600 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Sprouts Farmers Market by 167.4% during the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock worth $130,107,000 after buying an additional 973,666 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sprouts Farmers Market by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company’s stock worth $96,080,000 after buying an additional 6,085 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Sprouts Farmers Market by 2.8% in the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company’s stock valued at $88,138,000 after purchasing an additional 28,636 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Sprouts Farmers Market by 5.1% in 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.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 1,997 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $99.20, for a total value of $198,102.40. Following the transaction, the insider now directly owns 26,172 shares of the company’s stock, valued at $2,596,262.40. This represents a 7.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the sale, the insider now directly owns 11,184 shares in the company, valued at approximately $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,516 shares of company stock worth $4,465,466 in the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. Melius Research initiated coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday. Evercore ISI upped their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Trading Down 0.9 %

NASDAQ:SFM opened at $151.97 on Friday. The company has a market capitalization of $15.20 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $41.27 and a 52-week high of $154.55. The stock has a fifty day simple moving average of $125.28 and a 200-day simple moving average of $101.00.

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. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.