Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Algert Global LLC

Algert Global LLC reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 28.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,100 shares of the company's stock after selling 14,440 shares during the quarter. Algert Global LLC's holdings in Sprouts Farmers Market were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock valued at $322,000 after acquiring an additional 101 shares during the period. Caprock Group LLC lifted its holdings in Sprouts Farmers Market by 1.9% during the 3rd quarter. Caprock Group LLC now owns 5,477 shares of the company's stock valued at $605,000 after buying an additional 102 shares in the last quarter. UMB Bank n.a. boosted its position in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company's stock valued at $67,000 after buying an additional 126 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company's stock worth $1,566,000 after acquiring an additional 148 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Sprouts Farmers Market by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company's stock valued at $402,000 after acquiring an additional 158 shares in the last quarter.

Insider Buying and Selling

In related news, Director Joe Fortunato sold 11,500 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now owns 33,571 shares in the company, valued at $4,459,571.64. This trade represents a 25.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Scott Neal sold 6,535 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total value of $668,465.15. Following the transaction, the insider now owns 14,293 shares in the company, valued at $1,462,030.97. This represents a 31.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,051 shares of company stock valued at $5,133,932. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 2.9 %

Shares of Sprouts Farmers Market stock traded up $4.24 during trading hours on Tuesday, hitting $152.22. The company's stock had a trading volume of 839,877 shares, compared to its average volume of 1,336,077. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $152.54. The firm has a fifty day moving average of $123.41 and a 200-day moving average of $100.09. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 2.22 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company's quarterly revenue was up 13.6% on a year-over-year basis. Research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada initiated coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They set a "sector perform" rating and a $107.00 target price for the company. The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 target price for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $115.40.

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.