Townsquare Capital LLC Cuts Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Key Points

• Townsquare Capital LLC has significantly reduced its stake in Sprouts Farmers Market by 64.6%, now owning 17,895 shares valued at approximately $2.73 million.
• Insider transactions at Sprouts include COO Nicholas Konat selling 20,270 shares for about $3.4 million, marking a 26.69% decrease in his ownership.
• Analysts show a positive outlook on Sprouts Farmers Market, with recent ratings including price targets ranging from $155 to $185, and a consensus rating of "Moderate Buy."

Townsquare Capital LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 64.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,895 shares of the company's stock after selling 32,603 shares during the period. Townsquare Capital LLC's holdings in Sprouts Farmers Market were worth $2,731,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Crossmark Global Holdings Inc. boosted its stake in shares of Sprouts Farmers Market by 1.2% during the 1st 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 in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after acquiring an additional 92 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Sprouts Farmers Market by 0.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock worth $3,896,000 after acquiring an additional 95 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of 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 acquiring an additional 99 shares in the last quarter. Finally, JT Stratford LLC boosted its stake in shares of 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 acquiring an additional 100 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, COO Nicholas Konat sold 20,270 shares of Sprouts Farmers Market stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the sale, the chief operating officer directly owned 55,675 shares in the company, valued at $9,325,562.50. The trade was a 26.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 4,045 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $156.76, for a total value of $634,094.20. Following the sale, the chief executive officer owned 174,740 shares in the company, valued at $27,392,242.40. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,225 shares of company stock worth $10,950,283 over the last ninety days. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Stock Down 0.2%

NASDAQ SFM opened at $148.74 on Tuesday. The stock has a market cap of $14.54 billion, a PE ratio of 30.61, a P/E/G ratio of 1.68 and a beta of 0.78. Sprouts Farmers Market, Inc. has a fifty-two week low of $94.68 and a fifty-two week high of $182.00. The business has a 50 day moving average price of $161.44 and a two-hundred day moving average price of $158.83.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.12. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. Sprouts Farmers Market had a return on equity of 36.53% and a net margin of 5.77%. Sprouts Farmers Market's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

SFM has been the topic of several research analyst reports. UBS Group set a $180.00 price target on Sprouts Farmers Market in a research note on Thursday, July 31st. Roth Capital set a $155.00 price objective on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Barclays raised shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price objective on shares of 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. Finally, Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.87.

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.

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