Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,675 shares of the company’s stock after selling 689 shares during the period. M&T Bank Corp’s holdings in Sprouts Farmers Market were worth $847,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SFM. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its stake in Sprouts Farmers Market by 223.5% during 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 2nd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $38,000. Finally, Quarry LP grew its holdings in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the last quarter.

Sprouts Farmers Market Stock Down 3.3 %

SFM opened at $142.92 on Tuesday. The company has a fifty day moving average of $135.71 and a two-hundred day moving average of $107.62. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 2.23 and a beta of 0.58. Sprouts Farmers Market, Inc. has a fifty-two week low of $47.63 and a fifty-two week high of $155.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Sprouts Farmers Market’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. On average, research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current year.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total value of $104,223.00. Following the sale, the director now directly owns 10,874 shares in the company, valued at approximately $1,619,029.86. The trade was a 6.05 % 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 30,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now directly owns 163,862 shares of the company’s stock, valued at $24,454,764.88. The trade was a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,855 shares of company stock worth $8,323,697 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SFM has been the subject of a number of research analyst reports. Royal Bank of Canada started coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price for the company. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Bank of America lifted their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Melius Research began coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus target price of $118.40.

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.