Sequoia Financial Advisors LLC Has $402,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sequoia Financial Advisors LLC increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,645 shares of the company’s stock after acquiring an additional 158 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sprouts Farmers Market were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Crewe Advisors LLC lifted its stake in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $38,000. Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% during 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, Hanseatic Management Services Inc. acquired a new stake in Sprouts Farmers Market in the 2nd quarter valued at $63,000.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at $22,338,307.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Dustin Hamilton sold 500 shares of the business’s 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Stock Performance

Shares of Sprouts Farmers Market stock opened at $119.32 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $107.64 and a 200 day simple moving average of $89.61. Sprouts Farmers Market, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $120.69. The firm has a market cap of $11.95 billion, a P/E ratio of 37.40, a P/E/G ratio of 3.36 and a beta of 0.56.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SFM shares. Evercore ISI increased their price objective on Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Melius Research started coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company upgraded shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $62.00 to $90.00 in a research note on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $104.40.

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.