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

Isthmus Partners LLC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,490 shares of the company's stock after selling 23,208 shares during the quarter. Isthmus Partners LLC owned approximately 0.05% of Sprouts Farmers Market worth $5,685,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SFM. Renaissance Technologies LLC boosted its stake in 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 during the last quarter. Marshall Wace LLP boosted its position in shares of Sprouts Farmers Market by 167.4% during the 2nd quarter. Marshall Wace LLP now owns 1,555,192 shares of the company's stock valued at $130,107,000 after acquiring an additional 973,666 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sprouts Farmers Market by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,148,457 shares of the company's stock valued at $96,080,000 after purchasing an additional 6,085 shares during the period. American Century Companies Inc. increased its position in Sprouts Farmers Market by 2.8% during the second quarter. American Century Companies Inc. now owns 1,053,531 shares of the company's stock worth $88,138,000 after purchasing an additional 28,636 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Sprouts Farmers Market by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company's stock worth $108,561,000 after purchasing an additional 48,103 shares during the period.

Analyst Upgrades and Downgrades

SFM has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a "sector perform" rating and a $107.00 price objective for the company. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a "hold" rating and a $105.00 price target on the stock. BMO Capital Markets increased their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Finally, Bank of America boosted 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. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Hold" and an average price target of $115.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $2.51 during trading hours on Friday, reaching $154.48. The stock had a trading volume of 873,829 shares, compared to its average volume of 1,338,457. The firm has a 50-day moving average of $126.21 and a 200-day moving average of $101.35. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.30 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $41.27 and a fifty-two week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company's revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the completion of the sale, the chief executive officer now directly owns 222,432 shares of the company's stock, valued at $22,485,650.88. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Hamilton sold 1,997 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $99.20, for a total value of $198,102.40. Following the completion of the transaction, the insider now owns 26,172 shares in the company, valued at $2,596,262.40. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,516 shares of company stock valued at $4,465,466. Insiders own 1.10% of the company's stock.

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.