Congress Asset Management Co. Sells 194,373 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Congress Asset Management Co. lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 666,245 shares of the company's stock after selling 194,373 shares during the period. Congress Asset Management Co. owned approximately 0.67% of Sprouts Farmers Market worth $73,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SFM. Crewe Advisors LLC grew its holdings in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $38,000. Quarry LP boosted its stake in shares of Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after acquiring an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $60,000.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the sale, the insider now owns 25,251 shares of the company's stock, valued at $2,868,513.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Dustin Hamilton sold 921 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the sale, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristen E. Blum sold 2,000 shares of the 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 sale, the director now directly owns 51,627 shares of the company's stock, valued at approximately $5,162,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,438 shares of company stock valued at $6,528,580. 1.10% of the stock is owned by insiders.

Sprouts Farmers Market Stock Up 8.1 %

SFM traded up $9.59 on Thursday, reaching $128.43. 4,315,593 shares of the company traded hands, compared to its average volume of 1,327,235. The stock's 50 day moving average price is $108.91 and its 200-day moving average price is $90.61. Sprouts Farmers Market, Inc. has a 52-week low of $39.76 and a 52-week high of $135.10. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 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 13.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a "market perform" rating in a report on Thursday. Evercore ISI raised 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. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. 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 research note on Monday, July 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $112.20.

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.