Raymond James & Associates Cuts Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Raymond James & Associates decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 52.4% in the third quarter, Holdings Channel reports. The institutional investor owned 87,219 shares of the company’s stock after selling 95,847 shares during the period. Raymond James & Associates’ holdings in Sprouts Farmers Market were worth $2,420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ellevest Inc. grew its position in shares of Sprouts Farmers Market by 103.6% in the second quarter. Ellevest Inc. now owns 1,234 shares of the company’s stock valued at $31,000 after purchasing an additional 628 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Sprouts Farmers Market by 48.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,015 shares of the company’s stock valued at $431,000 after purchasing an additional 5,529 shares during the period. Inspire Investing LLC grew its position in shares of Sprouts Farmers Market by 13.0% in the second quarter. Inspire Investing LLC now owns 8,337 shares of the company’s stock valued at $211,000 after purchasing an additional 956 shares during the period. Nisa Investment Advisors LLC boosted its position in Sprouts Farmers Market by 47.9% during the second quarter. Nisa Investment Advisors LLC now owns 6,174 shares of the company’s stock worth $156,000 after acquiring an additional 2,000 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new position in Sprouts Farmers Market during the second quarter worth about $810,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $31.20 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.71. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.73 and a beta of 0.44. The company’s 50-day moving average is $32.88 and its two-hundred day moving average is $30.06. Sprouts Farmers Market, Inc. has a 1-year low of $22.56 and a 1-year high of $35.34.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last posted its earnings results on Tuesday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Sprouts Farmers Market had a net margin of 3.99% and a return on equity of 25.06%. Analysts forecast that Sprouts Farmers Market, Inc. will post 2.34 EPS for the current year.

Insider Activity

In other news, VP Stacy W. Hilgendorf sold 9,440 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $32.00, for a total value of $302,080.00. Following the sale, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $348,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jack Sinclair sold 85,953 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $33.77, for a total transaction of $2,902,632.81. Following the sale, the chief executive officer now directly owns 207,638 shares of the company’s stock, valued at approximately $7,011,935.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy W. Hilgendorf sold 9,440 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $32.00, for a total transaction of $302,080.00. Following the sale, the vice president now directly owns 10,902 shares in the company, valued at $348,864. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,688 shares of company stock valued at $4,049,303. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

SFM has been the topic of a number of recent research reports. Northcoast Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, November 30th. Credit Suisse Group restated a “neutral” rating and set a $35.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, December 20th. StockNews.com initiated coverage on shares of Sprouts Farmers Market in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sprouts Farmers Market from $34.00 to $38.00 in a research report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus target price of $31.57.

About Sprouts Farmers Market

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Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, 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.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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