Apollon Wealth Management LLC Has $352,000 Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Apollon Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 14.2% in the third quarter, HoldingsChannel reports. The fund owned 3,185 shares of the company’s stock after buying an additional 397 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC lifted its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new position in Sprouts Farmers Market in the 2nd quarter worth approximately $29,000. Quarry LP increased its position in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after buying an additional 442 shares during the period. Finally, Waldron Private Wealth LLC bought a new position in Sprouts Farmers Market in the 3rd quarter worth approximately $60,000.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $142.00 on Monday. The stock’s fifty day simple moving average is $118.29 and its 200 day simple moving average is $97.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 41.04, a P/E/G ratio of 2.15 and a beta of 0.54. Sprouts Farmers Market, Inc. has a one year low of $40.39 and a one year high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. This represents a 25.52 % 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, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,648 shares of company stock valued at $5,902,586. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SFM has been the topic of several recent analyst reports. Bank of America lifted their price target on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. The Goldman Sachs Group lifted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted 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, Evercore ISI boosted their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.