Lindenwold Advisors INC Sells 1,929 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Key Points

• Lindenwold Advisors INC reduced its stake in Sprouts Farmers Market by 24.7% in the first quarter, selling 1,929 shares, leaving them with a total of 5,879 shares valued at approximately $897,000.
• Multiple analysts have adjusted their price targets for Sprouts Farmers Market, with Royal Bank of Canada raising its target to $176 and Barclays increasing it to $185, indicating overall positive sentiment among analysts.
• Director Terri F. Graham and insider Timmi Zalatoris sold shares of Sprouts Farmers Market, with significant sales contributing to a total of 65,743 shares sold by insiders in the last ninety days, valued at over $10 million.

Lindenwold Advisors INC lessened its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,879 shares of the company's stock after selling 1,929 shares during the quarter. Lindenwold Advisors INC's holdings in Sprouts Farmers Market were worth $897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in shares of Sprouts Farmers Market by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 7,201 shares of the company's stock worth $1,099,000 after acquiring an additional 84 shares during the period. Whipplewood Advisors LLC boosted its stake in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after purchasing an additional 92 shares during the period. Summit Investment Advisors Inc. boosted its stake in Sprouts Farmers Market by 0.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after purchasing an additional 95 shares during the period. Avantax Advisory Services Inc. increased its holdings in Sprouts Farmers Market by 2.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,899 shares of the company's stock worth $748,000 after purchasing an additional 99 shares in the last quarter. Finally, JT Stratford LLC increased its holdings in Sprouts Farmers Market by 0.9% during the 4th quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after purchasing an additional 100 shares in the last quarter.

Analysts Set New Price Targets

SFM has been the subject of several recent research reports. Royal Bank Of Canada upped their price objective on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $173.00 to $185.00 in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $168.13.

Insider Transactions at Sprouts Farmers Market

In related news, Director Terri F. Graham sold 1,278 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total value of $230,040.00. Following the sale, the director owned 32,910 shares in the company, valued at approximately $5,923,800. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timmi Zalatoris sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total value of $328,760.00. Following the sale, the insider directly owned 13,263 shares of the company's stock, valued at $2,180,171.94. This represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,743 shares of company stock valued at $10,769,633. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $151.54 on Friday. The company has a fifty day moving average price of $163.92 and a two-hundred day moving average price of $158.20. Sprouts Farmers Market, Inc. has a one year low of $91.36 and a one year high of $182.00. The stock has a market cap of $14.83 billion, a P/E ratio of 31.18, a P/E/G ratio of 1.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.80%. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the firm earned $0.94 EPS. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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.

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