Lindenwold Advisors INC Sells 2,664 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Lindenwold Advisors INC lessened its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,808 shares of the company's stock after selling 2,664 shares during the period. Lindenwold Advisors INC's holdings in Sprouts Farmers Market were worth $992,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SFM. Sumitomo Mitsui Trust Group Inc. bought a new stake in Sprouts Farmers Market in the 3rd quarter worth $1,942,000. Oppenheimer Asset Management Inc. increased its position in shares of Sprouts Farmers Market by 34.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,462 shares of the company's stock valued at $493,000 after buying an additional 1,135 shares during the period. KBC Group NV increased its position in shares of Sprouts Farmers Market by 11.3% during the third quarter. KBC Group NV now owns 2,566 shares of the company's stock valued at $283,000 after buying an additional 261 shares during the period. OneDigital Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at about $207,000. Finally, CIBC Asset Management Inc increased its position in shares of Sprouts Farmers Market by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock valued at $322,000 after buying an additional 101 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on SFM shares. UBS Group boosted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. Finally, Jefferies Financial Group boosted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $162.92.

Remove Ads

Insider Transactions at Sprouts Farmers Market

In related news, CMO Alisa Gmelich sold 445 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the transaction, the chief marketing officer now owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $134.97, for a total transaction of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at approximately $1,326,755.10. This trade represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,501 shares of company stock worth $11,616,851. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Up 1.9 %

Shares of NASDAQ SFM traded up $2.62 during midday trading on Friday, hitting $142.39. The stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,316,197. The business's 50 day moving average is $150.88 and its 200-day moving average is $136.02. The company has a market cap of $13.96 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52 week low of $61.61 and a 52 week high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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.