Axxcess Wealth Management LLC Sells 713 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Axxcess Wealth Management LLC lessened its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,328 shares of the company’s stock after selling 713 shares during the period. Axxcess Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC raised its stake in shares of Sprouts Farmers Market by 223.5% during the second 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 bought a new position in Sprouts Farmers Market in the third quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market in the second quarter worth approximately $29,000. Quarry LP raised its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market in the third quarter worth approximately $60,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their price objective 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. Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target 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. Finally, StockNews.com downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $146.07 on Wednesday. The firm has a market capitalization of $14.61 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 2.19 and a beta of 0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1-year low of $40.39 and a 1-year high of $148.56. The company’s fifty day moving average price is $115.63 and its 200-day moving average price is $95.48.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 51,627 shares of the company’s stock, valued at $5,162,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at approximately $2,651,373.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,648 shares of company stock valued at $5,902,586. 1.10% of the stock is owned by insiders.

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.