Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 28.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,263 shares of the company’s stock after selling 502 shares during the quarter. Huntington National Bank’s holdings in Sprouts Farmers Market were worth $139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SFM. Crewe Advisors LLC increased its position in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sprouts Farmers Market in the second quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at $38,000. Quarry LP raised its stake in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market in the third quarter worth about $60,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SFM. Melius Research began coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target on the stock. Evercore ISI upped 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, October 22nd. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada assumed coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.40.

Insider Activity

In other news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the transaction, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,648 shares of company stock worth $5,902,586. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM opened at $142.00 on Monday. The company has a 50-day moving average of $118.29 and a two-hundred day moving average of $97.11. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.15 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 one year low of $40.39 and a one year high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.65 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current 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.