OLD National Bancorp IN Reduces Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

OLD National Bancorp IN trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 39.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,276 shares of the company’s stock after selling 1,496 shares during the period. OLD National Bancorp IN’s holdings in Sprouts Farmers Market were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in Sprouts Farmers Market during the first quarter valued at about $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock valued at $39,748,000 after buying an additional 48,225 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Sprouts Farmers Market by 78.8% during the 1st quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after acquiring an additional 11,508 shares during the period. Ritholtz Wealth Management grew its stake in shares of Sprouts Farmers Market by 59.8% during the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after acquiring an additional 6,286 shares during the period. Finally, Hennessy Advisors Inc. increased its holdings in Sprouts Farmers Market by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 569,000 shares of the company’s stock worth $36,689,000 after acquiring an additional 70,300 shares in the last quarter.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Melius Research assumed coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $40.00 to $102.00 in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Finally, Evercore ISI increased their target price on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $102.40.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. 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. In related news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction dated 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 transaction, the insider now directly owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the transaction, the insider now owns 10,895 shares in the company, valued at $1,089,500. 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 quarter, insiders sold 124,142 shares of company stock valued at $12,401,112. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $118.85 on Thursday. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 3.29 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 1 year low of $39.76 and a 1 year high of $118.90. The stock’s 50 day simple moving average is $106.82 and its two-hundred day simple moving average is $88.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

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.