Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 47.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,604 shares of the company’s stock after selling 3,300 shares during the period. Navellier & Associates Inc.’s holdings in Sprouts Farmers Market were worth $398,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its stake 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 purchasing an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Sprouts Farmers Market during the second quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth $38,000. Finally, Quarry LP grew its holdings in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the last quarter.

Analyst Ratings Changes

SFM has been the topic of several recent research reports. StockNews.com lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America raised 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, October 25th. Evercore ISI lifted their price objective 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. Finally, Melius Research initiated coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Price Performance

SFM stock opened at $147.13 on Friday. The stock has a market capitalization of $14.71 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 52-week low of $41.27 and a 52-week high of $148.56. The stock’s fifty day simple moving average is $121.68 and its 200-day simple moving average is $98.73.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly 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 return on equity of 28.24% and a net margin of 4.73%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In other news, insider Dustin Hamilton sold 5,097 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $102.00, for a total value of $519,894.00. Following the transaction, the insider now directly owns 26,138 shares in the company, valued at $2,666,076. This trade represents a 16.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now owns 199,576 shares of the company’s stock, valued at $26,463,777.60. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,148 shares of company stock valued at $5,853,826. Insiders own 1.10% of the company’s stock.

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.