Ashton Thomas Private Wealth LLC Has $3.38 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Ashton Thomas Private Wealth LLC trimmed its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,583 shares of the company’s stock after selling 814 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Sprouts Farmers Market were worth $3,377,000 as of its most recent SEC filing.

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

Sprouts Farmers Market Trading Down 0.3 %

NASDAQ:SFM opened at $146.07 on Wednesday. Sprouts Farmers Market, Inc. has a 12 month low of $40.39 and a 12 month high of $148.56. 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’s 50 day moving average is $115.63 and its 200 day moving average is $95.48. The stock has a market capitalization of $14.61 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. StockNews.com cut shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America boosted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Melius Research initiated coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $115.40.

Insider Buying and Selling at Sprouts Farmers Market

In other news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the sale, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $97.52, for a total value of $48,760.00. Following the completion of the transaction, the insider now owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,648 shares of company stock valued at $5,902,586 over the last three months. 1.10% of the stock is currently owned by insiders.

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.