Foster & Motley Inc. Reduces Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Foster & Motley Inc. lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,940 shares of the company’s stock after selling 1,236 shares during the quarter. Foster & Motley Inc.’s holdings in Sprouts Farmers Market were worth $2,254,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SFM. Crewe Advisors LLC boosted its position 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. purchased a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC bought a new position in Sprouts Farmers Market in the 1st quarter worth approximately $36,000. Finally, Hanseatic Management Services Inc. purchased a new position in Sprouts Farmers Market in the 2nd quarter valued at approximately $63,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SFM shares. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. UBS Group raised their target price on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI increased their target price on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.25.

Sprouts Farmers Market Stock Up 2.0 %

SFM stock opened at $99.67 on Friday. Sprouts Farmers Market, Inc. has a 1-year low of $38.46 and a 1-year high of $104.41. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.96 and a beta of 0.56. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $91.71 and its 200 day moving average is $77.08.

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

Insiders Place Their Bets

In other news, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jack Sinclair sold 5,718 shares of Sprouts Farmers Market stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the transaction, the chief executive officer now owns 256,716 shares in the company, valued at approximately $19,785,102.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. The disclosure for this sale can be found here. Insiders sold a total of 126,942 shares of company stock valued at $12,373,193 over the last 90 days. Insiders own 1.10% of the company’s stock.

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.