Nisa Investment Advisors LLC Trims Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Nisa Investment Advisors LLC lowered its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,999 shares of the company’s stock after selling 192 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in shares of Sprouts Farmers Market by 28.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 14,047 shares of the company’s stock worth $906,000 after buying an additional 3,095 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Sprouts Farmers Market during the first quarter valued at about $223,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sprouts Farmers Market by 14.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,657 shares of the company’s stock valued at $4,556,000 after purchasing an additional 9,049 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sprouts Farmers Market by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 21,183 shares of the company’s stock worth $1,366,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Csenge Advisory Group purchased a new position in shares of Sprouts Farmers Market in the 1st quarter worth about $232,000.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $136.09 on Wednesday. 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 firm’s fifty day simple moving average is $110.82 and its 200 day simple moving average is $92.23. The stock has a market cap of $13.61 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $136.23.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion during 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%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. As a group, research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joel D. Anderson sold 20,851 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.16, for a total transaction of $2,005,032.16. Following the transaction, the director now owns 18,809 shares in the company, valued at approximately $1,808,673.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares in the company, valued at $1,808,673.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hari K. Avula sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $96.50, for a total transaction of $241,250.00. Following the transaction, the director now directly owns 10,554 shares of the company’s stock, valued at $1,018,461. 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 ninety days, insiders sold 73,999 shares of company stock worth $8,148,868. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SFM has been the subject of several analyst reports. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Melius Research initiated coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. Bank of America boosted 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. Finally, Evercore ISI raised their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Company 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.