State of Alaska Department of Revenue Purchases 610 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

State of Alaska Department of Revenue increased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,557 shares of the company’s stock after purchasing an additional 610 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sprouts Farmers Market were worth $1,938,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SFM. Crewe Advisors LLC lifted its holdings in shares of Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market during the second quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market during the third quarter valued at approximately $38,000. Quarry LP boosted its holdings in 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 purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $60,000.

Wall Street Analyst Weigh In

Several research firms recently commented on SFM. Deutsche Bank Aktiengesellschaft raised their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Roth Mkm boosted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.40.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $130.21 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $109.56 and a 200 day simple moving average of $90.87. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.98 and a fifty-two week high of $135.10. The firm has a market cap of $13.04 billion, a P/E ratio of 37.63, a P/E/G ratio of 2.73 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 29.02% and a net margin of 4.73%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the sale, the insider now owns 25,251 shares in the company, valued at $2,868,513.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $112.41, for a total value of $642,310.74. Following the completion of the transaction, the chief executive officer now directly owns 211,004 shares in the company, valued at $23,718,959.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,543 shares of company stock worth $5,751,870. 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.