Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by Coombe Bender & Co LLC

Coombe Bender & Co LLC trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,714 shares of the company’s stock after selling 8,975 shares during the period. Sprouts Farmers Market makes up approximately 3.9% of Coombe Bender & Co LLC’s holdings, making the stock its 5th biggest holding. Coombe Bender & Co LLC’s holdings in Sprouts Farmers Market were worth $6,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SFM. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 405.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 155,087 shares of the company’s stock worth $6,638,000 after acquiring an additional 124,417 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $49,000. Raymond James & Associates raised its holdings in Sprouts Farmers Market by 21.9% during the 3rd quarter. Raymond James & Associates now owns 15,832 shares of the company’s stock worth $678,000 after buying an additional 2,842 shares during the period. Foster & Motley Inc. lifted its stake in Sprouts Farmers Market by 3.5% in the third quarter. Foster & Motley Inc. now owns 25,562 shares of the company’s stock valued at $1,094,000 after buying an additional 858 shares in the last quarter. Finally, Reinhart Partners LLC. bought a new position in Sprouts Farmers Market in the third quarter valued at approximately $16,682,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. BMO Capital Markets increased their target price on Sprouts Farmers Market from $31.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday. Evercore ISI cut their price target on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday. Finally, The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.50.

Insider Activity

In related news, insider Brandon F. Lombardi sold 3,865 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total value of $240,441.65. Following the sale, the insider now owns 8,328 shares in the company, valued at approximately $518,084.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.62, for a total value of $329,851.86. Following the completion of the sale, the insider now owns 10,895 shares of the company’s stock, valued at approximately $671,349.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandon F. Lombardi sold 3,865 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the transaction, the insider now directly owns 8,328 shares in the company, valued at $518,084.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,852 shares of company stock valued at $10,032,745. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Up 14.5 %

SFM stock traded up $9.29 during mid-day trading on Thursday, reaching $73.58. The company had a trading volume of 2,105,434 shares, compared to its average volume of 1,332,571. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.40 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 52 week low of $32.12 and a 52 week high of $74.03. The stock has a 50 day simple moving average of $63.29 and a two-hundred day simple moving average of $52.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current fiscal year.

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.