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

Other institutional investors have also modified their holdings of the company. Alberta Investment Management Corp lifted its stake in Sprouts Farmers Market by 29.2% in the 1st quarter. Alberta Investment Management Corp now owns 16,800 shares of the company's stock valued at $2,564,000 after acquiring an additional 3,800 shares in the last quarter. Sound View Wealth Advisors Group LLC acquired a new stake in Sprouts Farmers Market in the first quarter valued at about $236,000. Private Advisory Group LLC boosted its stake in Sprouts Farmers Market by 3.5% in the first quarter. Private Advisory Group LLC now owns 6,489 shares of the company's stock valued at $990,000 after buying an additional 218 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 10.7% during the first quarter. Natixis Advisors LLC now owns 53,678 shares of the company's stock valued at $8,193,000 after purchasing an additional 5,179 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of Sprouts Farmers Market by 26.9% during the first quarter. Baader Bank Aktiengesellschaft now owns 7,842 shares of the company's stock valued at $1,197,000 after purchasing an additional 1,664 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore ISI raised their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on Sprouts Farmers Market from $173.00 to $176.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. UBS Group set a $180.00 price objective on Sprouts Farmers Market in a research report on Thursday. Finally, Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Sprouts Farmers Market presently has an average rating of "Moderate Buy" and an average target price of $171.87.

Sprouts Farmers Market Trading Down 2.9%

Shares of NASDAQ SFM traded down $4.39 during trading on Tuesday, reaching $149.42. 674,875 shares of the company traded hands, compared to its average volume of 1,742,665. The firm's fifty day simple moving average is $163.54 and its 200 day simple moving average is $158.67. The stock has a market cap of $14.60 billion, a P/E ratio of 30.76, a PEG ratio of 1.74 and a beta of 0.78. Sprouts Farmers Market, Inc. has a 12-month low of $93.42 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.12. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%. The company's revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Buying and Selling

In related news, insider Timmi Zalatoris sold 2,000 shares of Sprouts Farmers Market stock in a transaction dated Tuesday, July 1st. The stock was 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 in the company, valued at approximately $2,180,171.94. The trade was a 13.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 4,045 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $162.94, for a total value of $659,092.30. Following the transaction, the chief executive officer owned 174,740 shares in the company, valued at approximately $28,472,135.60. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,743 shares of company stock worth $10,769,633 in the last quarter. 1.10% of the stock is owned by 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.