Isthmus Partners LLC Reduces Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Isthmus Partners LLC reduced its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,974 shares of the company’s stock after selling 28,516 shares during the period. Isthmus Partners LLC’s holdings in Sprouts Farmers Market were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFM. Asset Management One Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the third quarter worth $1,327,000. SpiderRock Advisors LLC purchased a new stake in Sprouts Farmers Market in the third quarter valued at $3,252,000. Verdence Capital Advisors LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth about $212,000. Atria Investments Inc raised its stake in shares of Sprouts Farmers Market by 31.3% during the 3rd quarter. Atria Investments Inc now owns 14,266 shares of the company’s stock valued at $1,575,000 after buying an additional 3,400 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Sprouts Farmers Market by 5.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,690 shares of the company’s stock valued at $4,272,000 after buying an additional 1,851 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm lifted their price objective 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. Wells Fargo & Company lifted their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. UBS Group boosted their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $154.00.

Sprouts Farmers Market Stock Down 0.8 %

Shares of NASDAQ:SFM opened at $136.97 on Monday. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week 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 firm’s 50-day simple moving average is $150.28 and its 200-day simple moving average is $133.42. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 36.43, a PEG 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 (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % 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, Director Joe Fortunato sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,264 shares of company stock worth $6,995,193. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market 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.