Inspire Investing LLC Sells 8,658 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Inspire Investing LLC cut its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,244 shares of the company’s stock after selling 8,658 shares during the period. Inspire Investing LLC’s holdings in Sprouts Farmers Market were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SFM. Blair William & Co. IL grew its stake in shares of Sprouts Farmers Market by 3.9% during the 2nd quarter. Blair William & Co. IL now owns 6,202 shares of the company’s stock worth $519,000 after acquiring an additional 232 shares in the last quarter. Pacer Advisors Inc. grew its position in Sprouts Farmers Market by 4.3% in the second quarter. Pacer Advisors Inc. now owns 20,710 shares of the company’s stock valued at $1,733,000 after purchasing an additional 850 shares in the last quarter. Sei Investments Co. increased its stake in Sprouts Farmers Market by 47.4% in the 2nd quarter. Sei Investments Co. now owns 118,413 shares of the company’s stock valued at $9,906,000 after buying an additional 38,061 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Sprouts Farmers Market by 17.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 67,087 shares of the company’s stock worth $5,612,000 after buying an additional 9,875 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Sprouts Farmers Market by 1.1% during the 2nd quarter. Bank of Montreal Can now owns 186,444 shares of the company’s stock worth $15,605,000 after buying an additional 2,104 shares during the last quarter.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total transaction of $757,676.40. Following the transaction, the chief executive officer now owns 199,576 shares in the company, valued at $26,463,777.60. This represents a 2.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,869 shares of company stock valued at $8,778,152. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Price Performance

Shares of SFM opened at $146.42 on Friday. The company’s 50-day moving average is $141.51 and its 200-day moving average is $118.30. 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 firm has a market capitalization of $14.64 billion, a PE ratio of 42.32, a PEG ratio of 1.93 and a beta of 0.63. Sprouts Farmers Market, Inc. has a fifty-two week low of $48.98 and a fifty-two week high of $155.64.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SFM shares. BMO Capital Markets lifted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Bank of America boosted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.