Ausbil Investment Management Ltd Has $1.46 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Ausbil Investment Management Ltd reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,175 shares of the company’s stock after selling 142 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Sprouts Farmers Market were worth $1,455,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in Sprouts Farmers Market by 26.3% in the 3rd quarter. UMB Bank n.a. now owns 605 shares of the company’s stock valued at $67,000 after acquiring an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Sprouts Farmers Market by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after buying an additional 148 shares during 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 worth $402,000 after purchasing an additional 158 shares during the last quarter. Ironwood Investment Counsel LLC lifted its stake in shares of Sprouts Farmers Market by 3.8% during the first quarter. Ironwood Investment Counsel LLC now owns 5,277 shares of the company’s stock valued at $340,000 after acquiring an additional 195 shares during the period. Finally, Crewe Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 223.5% during the second 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.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at approximately $22,338,307.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Dustin Hamilton sold 921 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now directly owns 233,860 shares in the company, valued at approximately $22,338,307.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,142 shares of company stock worth $12,401,112 in the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SFM shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, July 29th. UBS Group raised their price target on Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 target price for the company. Roth Mkm upped their price objective on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI upped their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $102.40.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded down $0.43 during mid-day trading on Thursday, reaching $118.42. 393,748 shares of the company’s stock were exchanged, compared to its average volume of 1,302,489. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 3.36 and a beta of 0.56. 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, Inc. has a 52 week low of $39.76 and a 52 week high of $119.32. The firm has a 50-day moving average price of $106.82 and a two-hundred day moving average price of $88.65.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, topping 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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS 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.