Isthmus Partners LLC Trims Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Isthmus Partners LLC reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,698 shares of the company’s stock after selling 11,483 shares during the quarter. Sprouts Farmers Market comprises about 2.4% of Isthmus Partners LLC’s investment portfolio, making the stock its 17th biggest position. Isthmus Partners LLC owned 0.07% of Sprouts Farmers Market worth $6,249,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SFM. Arizona State Retirement System grew its stake in shares of Sprouts Farmers Market by 1.5% during the second quarter. Arizona State Retirement System now owns 28,335 shares of the company’s stock valued at $2,371,000 after acquiring an additional 424 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sprouts Farmers Market by 130.0% during the second quarter. Victory Capital Management Inc. now owns 98,327 shares of the company’s stock valued at $8,226,000 after buying an additional 55,567 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Sprouts Farmers Market by 0.6% during the second quarter. Rhumbline Advisers now owns 324,805 shares of the company’s stock valued at $27,173,000 after buying an additional 1,862 shares during the last quarter. Versor Investments LP raised its holdings in shares of Sprouts Farmers Market by 45.8% during the second quarter. Versor Investments LP now owns 16,197 shares of the company’s stock valued at $1,355,000 after buying an additional 5,091 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at approximately $236,000.

Sprouts Farmers Market Trading Down 0.8 %

NASDAQ SFM traded down $0.84 on Friday, hitting $98.83. 990,195 shares of the stock were exchanged, compared to its average volume of 1,355,049. Sprouts Farmers Market, Inc. has a 52-week low of $38.46 and a 52-week high of $104.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 2.96 and a beta of 0.56. The company’s 50-day moving average price is $92.01 and its two-hundred day moving average price is $77.40.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company posted $0.71 EPS. Sprouts Farmers Market’s revenue was up 12.3% on a year-over-year basis. Research analysts predict that Sprouts Farmers Market, Inc. will post 3.37 EPS for the current year.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $101.09, for a total value of $577,628.26. Following the completion of the sale, the chief executive officer now owns 222,432 shares of the company’s stock, valued at approximately $22,485,650.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 56,800 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $101.09, for a total transaction of $577,628.26. Following the sale, the chief executive officer now directly owns 222,432 shares in the company, valued at $22,485,650.88. The disclosure for this sale can be found here. Insiders have sold a total of 126,942 shares of company stock worth $12,373,193 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Evercore ISI boosted their target price on Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Tuesday, July 30th. UBS Group lifted their price target on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Finally, Bank of America lifted their price target on shares of Sprouts Farmers Market from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.