Janney Montgomery Scott LLC Sells 3,471 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Janney Montgomery Scott LLC reduced its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,150 shares of the company's stock after selling 3,471 shares during the period. Janney Montgomery Scott LLC's holdings in Sprouts Farmers Market were worth $1,894,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SFM. Cetera Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter worth about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company's stock worth $39,748,000 after purchasing an additional 48,225 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Sprouts Farmers Market by 59.8% during the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company's stock worth $1,405,000 after purchasing an additional 6,286 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at about $623,000. Finally, Caprock Group LLC acquired a new position in shares of Sprouts Farmers Market during the 2nd quarter valued at about $450,000.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded down $0.62 during trading on Wednesday, hitting $145.45. 954,605 shares of the stock were exchanged, compared to its average volume of 1,334,386. Sprouts Farmers Market, Inc. has a 1-year low of $40.39 and a 1-year high of $148.56. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54. The company's fifty day simple moving average is $116.59 and its 200-day simple moving average is $95.83. 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 data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.65 EPS. Sprouts Farmers Market's revenue for the quarter was up 13.6% compared to the same quarter last year. Sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 500 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares of the company's stock, valued at approximately $2,651,373.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dustin Hamilton sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristen E. Blum sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the director now owns 51,627 shares of the company's stock, valued at $5,162,700. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,648 shares of company stock valued at $5,902,586. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SFM shares. Bank of America increased their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a report on Friday, October 25th. Roth Mkm increased their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. StockNews.com lowered Sprouts Farmers Market from a "buy" rating to a "hold" rating in a report on Tuesday. Evercore ISI increased their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a report on Monday, July 29th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and a consensus target price of $115.40.

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.