nVerses Capital LLC Sells 800 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

nVerses Capital LLC lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 36.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,400 shares of the company’s stock after selling 800 shares during the quarter. nVerses Capital LLC’s holdings in Sprouts Farmers Market were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ironwood Investment Counsel LLC grew its stake in shares of Sprouts Farmers Market by 3.8% during the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock worth $340,000 after buying an additional 195 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Sprouts Farmers Market by 11.7% during the fourth quarter. Parallel Advisors LLC now owns 1,987 shares of the company’s stock worth $96,000 after buying an additional 208 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of Sprouts Farmers Market by 3.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,149 shares of the company’s stock worth $344,000 after buying an additional 216 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its stake in shares of Sprouts Farmers Market by 4.5% during the fourth quarter. CreativeOne Wealth LLC now owns 5,137 shares of the company’s stock worth $247,000 after buying an additional 220 shares during the last quarter.

Sprouts Farmers Market Price Performance

SFM stock opened at $104.05 on Tuesday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.96 and a beta of 0.55. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $38.46 and a 12-month high of $104.41. The company’s fifty day simple moving average is $90.72 and its 200 day simple moving average is $76.44.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. Sprouts Farmers Market’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. Bank of America lifted their price target on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.38.

Insider Activity

In other news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the transaction, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the transaction, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,228 shares of company stock worth $11,795,565. Company insiders own 1.10% of the company’s stock.

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.