Hanlon Investment Management Inc. Buys Shares of 7,935 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Hanlon Investment Management Inc. purchased a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,935 shares of the company’s stock, valued at approximately $876,000.

Several other institutional investors have also modified their holdings of SFM. UMB Bank n.a. boosted its stake in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after purchasing an additional 126 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Sprouts Farmers Market by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock worth $1,566,000 after buying an additional 148 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Sprouts Farmers Market by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after buying an additional 158 shares during the last quarter. Ironwood Investment Counsel LLC raised its position in Sprouts Farmers Market by 3.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after buying an additional 195 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Bank of America lifted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price objective 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. BMO Capital Markets lifted their target price 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. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Up 0.5 %

SFM stock opened at $132.41 on Tuesday. The business’s 50 day simple moving average is $110.82 and its 200 day simple moving average is $92.23. Sprouts Farmers Market, Inc. has a 1-year low of $39.98 and a 1-year high of $135.10. The firm has a market capitalization of $13.24 billion, a PE ratio of 38.09, a PEG ratio of 1.98 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.65 EPS. Sprouts Farmers Market’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Activity

In other news, Director Joel D. Anderson sold 20,851 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.16, for a total value of $2,005,032.16. Following the completion of the sale, the director now directly owns 18,809 shares in the company, valued at approximately $1,808,673.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joel D. Anderson sold 20,851 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.16, for a total value of $2,005,032.16. Following the transaction, the director now owns 18,809 shares in the company, valued at approximately $1,808,673.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kristen E. Blum sold 2,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 51,627 shares of the company’s stock, valued at $5,162,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,829 shares of company stock valued at $5,206,068. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market 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.