Isthmus Partners LLC Sells 11,483 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Isthmus Partners LLC trimmed its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,698 shares of the company’s stock after selling 11,483 shares during the quarter. Sprouts Farmers Market accounts for about 2.4% of Isthmus Partners LLC’s portfolio, making the stock its 17th largest position. Isthmus Partners LLC’s holdings in Sprouts Farmers Market were worth $6,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Sprouts Farmers Market by 2,152.8% during the 4th quarter. International Assets Investment Management LLC now owns 65,670 shares of the company’s stock valued at $3,159,000 after buying an additional 62,755 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Sprouts Farmers Market by 10.3% during the 4th quarter. Russell Investments Group Ltd. now owns 77,752 shares of the company’s stock valued at $3,741,000 after purchasing an additional 7,252 shares in the last quarter. Natixis Advisors L.P. increased its stake in Sprouts Farmers Market by 66.6% during the 4th quarter. Natixis Advisors L.P. now owns 19,773 shares of the company’s stock valued at $951,000 after purchasing an additional 7,901 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Sprouts Farmers Market by 3.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,676 shares of the company’s stock worth $321,000 after acquiring an additional 244 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sprouts Farmers Market by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 929,565 shares of the company’s stock valued at $44,721,000 after buying an additional 6,169 shares during the period.

Sprouts Farmers Market Stock Performance

Shares of SFM stock traded down $0.84 during trading hours on Friday, hitting $98.83. The stock had a trading volume of 990,195 shares, compared to its average volume of 1,355,049. The firm has a market capitalization of $9.90 billion, a PE ratio of 34.08, a PEG ratio of 2.96 and a beta of 0.56. Sprouts Farmers Market, Inc. has a twelve month low of $38.46 and a twelve month high of $104.41. The stock’s 50 day moving average is $92.01 and its 200 day moving average is $77.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Sprouts Farmers Market had a return on equity of 27.53% and a net margin of 4.52%. Sprouts Farmers Market’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, research analysts forecast that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Timmi Zalatoris sold 56,800 shares of Sprouts Farmers Market stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $100.00, for a total value of $5,680,000.00. Following the transaction, the insider now directly owns 10,895 shares of the company’s stock, valued at approximately $1,089,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider John Scott Neal sold 6,535 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the sale, the insider now directly owns 14,293 shares in the company, valued at approximately $1,462,030.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $100.00, for a total value of $5,680,000.00. Following the completion of the sale, the insider now owns 10,895 shares of the company’s stock, valued at $1,089,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,942 shares of company stock worth $12,373,193. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SFM. BMO Capital Markets raised shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $40.00 to $102.00 in a report on Tuesday, July 30th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Bank of America increased their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of Sprouts Farmers Market from $89.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised shares of Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $62.00 to $90.00 in a research note on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus price target of $95.25.

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.