Prime Capital Investment Advisors LLC Trims Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Prime Capital Investment Advisors LLC reduced its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,348 shares of the company’s stock after selling 164 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC grew 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 worth $27,000 after buying an additional 219 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market in the 2nd quarter worth about $29,000. Quarry LP grew its position in shares of 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 about $60,000.

Sprouts Farmers Market Price Performance

NASDAQ SFM opened at $142.00 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $40.39 and a 52 week high of $148.56. The firm has a market capitalization of $14.20 billion, a P/E ratio of 41.04, a PEG ratio of 2.15 and a beta of 0.54. 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 company has a 50-day moving average price of $118.29 and a 200-day moving average price of $97.11.

Sprouts Farmers Market (NASDAQ:SFM) last released 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In related news, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 51,627 shares of the company’s stock, valued at approximately $5,162,700. This represents a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,648 shares of company stock valued at $5,902,586 in the last quarter. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SFM has been the topic of a number of analyst reports. Melius Research initiated 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 target on the stock. Wells Fargo & Company upped their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm upped their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Nine equities research 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.com, Sprouts Farmers Market presently has an average rating of “Hold” and an average target price of $115.40.

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.