Northstar Asset Management Inc. Sells 145 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Northstar Asset Management Inc. trimmed its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,612 shares of the company’s stock after selling 145 shares during the period. Sprouts Farmers Market comprises 1.6% of Northstar Asset Management Inc.’s portfolio, making the stock its 29th largest position. Northstar Asset Management Inc. owned 0.06% of Sprouts Farmers Market worth $6,582,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SFM. Marshall Wace LLP boosted its holdings in Sprouts Farmers Market by 167.4% in the second quarter. Marshall Wace LLP now owns 1,555,192 shares of the company’s stock valued at $130,107,000 after acquiring an additional 973,666 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sprouts Farmers Market by 15.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,438,144 shares of the company’s stock valued at $371,295,000 after purchasing an additional 593,600 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Sprouts Farmers Market by 2,577.7% during the third quarter. Assenagon Asset Management S.A. now owns 452,672 shares of the company’s stock valued at $49,980,000 after buying an additional 435,767 shares during the period. Hennessy Advisors Inc. lifted its holdings in Sprouts Farmers Market by 41.3% in the second quarter. Hennessy Advisors Inc. now owns 804,100 shares of the company’s stock worth $67,271,000 after buying an additional 235,100 shares during the period. Finally, Millennium Management LLC lifted its holdings in Sprouts Farmers Market by 314.8% in the second quarter. Millennium Management LLC now owns 223,848 shares of the company’s stock worth $18,727,000 after buying an additional 169,888 shares during the period.

Insider Activity

In other news, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total transaction of $48,760.00. Following the transaction, the insider now directly owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Dustin Hamilton sold 500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kristen E. Blum sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 51,627 shares of the company’s stock, valued at approximately $5,162,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,999 shares of company stock valued at $8,148,868 over the last three months. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Up 3.3 %

Sprouts Farmers Market stock opened at $136.09 on Wednesday. Sprouts Farmers Market, Inc. has a 12 month low of $39.98 and a 12 month high of $136.23. The stock has a fifty day simple moving average of $111.49 and a two-hundred day simple moving average of $92.73. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 1.99 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Equities analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Analysts Set New Price Targets

SFM has been the subject of several research reports. Wells Fargo & Company increased their target price on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Melius Research initiated coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective for the company. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of $115.40.

About Sprouts Farmers Market

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.