Verus Capital Partners LLC Has $1.37 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Verus Capital Partners LLC cut its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 33.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,423 shares of the company’s stock after selling 6,291 shares during the period. Verus Capital Partners LLC’s holdings in Sprouts Farmers Market were worth $1,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC lifted its holdings in Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sprouts Farmers Market in the 2nd quarter valued at approximately $29,000. Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Sprouts Farmers Market during the 3rd quarter worth approximately $60,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total value of $577,628.26. Following the transaction, the chief executive officer now owns 222,432 shares in the company, valued at approximately $22,485,650.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Kristen E. Blum sold 2,000 shares of Sprouts Farmers Market 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 in the company, valued at $5,162,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the transaction, the chief executive officer now owns 222,432 shares in the company, valued at approximately $22,485,650.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,648 shares of company stock valued at $5,902,586 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of a number of research analyst reports. Melius Research began coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America raised their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.40.

Sprouts Farmers Market Stock Performance

SFM opened at $146.51 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a fifty day simple moving average of $114.70 and a 200 day simple moving average of $94.92. Sprouts Farmers Market, Inc. has a 1 year low of $40.39 and a 1 year high of $147.21. The company has a market capitalization of $14.65 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.54.

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

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.