Raymond James & Associates Purchases 13,142 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Raymond James & Associates boosted its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 42.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,124 shares of the company's stock after buying an additional 13,142 shares during the period. Raymond James & Associates' holdings in Sprouts Farmers Market were worth $4,872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC increased its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after buying an additional 219 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter worth approximately $29,000. Quarry LP increased its holdings in 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 purchasing an additional 442 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Sprouts Farmers Market by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $67,000 after purchasing an additional 126 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on SFM. Melius Research began coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a "hold" rating and a $105.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday. Roth Mkm boosted their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. BMO Capital Markets boosted their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday. Finally, Evercore ISI boosted their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market has a consensus rating of "Hold" and an average price target of $115.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the stock in a transaction on Friday, October 11th. The stock was 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 in the company, valued at $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Dustin Hamilton sold 921 shares of the company's stock in a transaction 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 transaction, the insider now owns 25,251 shares of the company's stock, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hari K. Avula sold 2,500 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $96.50, for a total transaction of $241,250.00. Following the completion of the transaction, the director now directly owns 10,554 shares in the company, valued at approximately $1,018,461. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,543 shares of company stock worth $5,751,870 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock traded up $1.78 during trading on Friday, hitting $130.21. The stock had a trading volume of 2,282,329 shares, compared to its average volume of 1,206,718. Sprouts Farmers Market, Inc. has a 1 year low of $39.98 and a 1 year high of $135.10. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average is $110.21 and its two-hundred day moving average is $91.34. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion for 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 business's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 3.67 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.