Natixis Advisors LLC Purchases 3,651 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Natixis Advisors LLC grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,183 shares of the company's stock after purchasing an additional 3,651 shares during the period. Natixis Advisors LLC's holdings in Sprouts Farmers Market were worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC lifted its position in shares of 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 acquiring an additional 219 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sprouts Farmers Market in the second quarter worth $29,000. Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company's stock valued at $40,000 after buying an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new position in Sprouts Farmers Market during the third quarter valued at $60,000.

Analyst Ratings Changes

A number of brokerages recently commented on SFM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, July 29th. BMO Capital Markets upped their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Bank of America lifted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Evercore ISI upped their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Melius Research assumed coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They set a "hold" rating and a $105.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $115.40.

Sprouts Farmers Market Price Performance

SFM traded up $0.85 during trading on Monday, hitting $147.98. The company's stock had a trading volume of 2,109,365 shares, compared to its average volume of 1,338,430. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54. The firm's 50 day moving average price is $122.58 and its two-hundred day moving average price is $99.58. Sprouts Farmers Market, Inc. has a 12 month low of $41.27 and a 12 month high of $149.89.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. Sprouts Farmers Market's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total transaction of $757,676.40. Following the transaction, the chief executive officer now directly owns 199,576 shares in the company, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dustin Hamilton sold 921 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares of the company's stock, valued at $2,868,513.60. This trade represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,148 shares of company stock valued at $5,653,826 over the last three months. Company insiders own 1.10% of the company's stock.

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.