Coombe Bender & Co LLC Sells 8,975 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Coombe Bender & Co LLC lowered its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,714 shares of the company’s stock after selling 8,975 shares during the period. Sprouts Farmers Market comprises approximately 3.9% of Coombe Bender & Co LLC’s investment portfolio, making the stock its 5th biggest position. Coombe Bender & Co LLC owned approximately 0.13% of Sprouts Farmers Market worth $6,192,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SFM. Xponance Inc. grew its stake in Sprouts Farmers Market by 1.4% in the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock valued at $720,000 after acquiring an additional 209 shares during the period. Baldwin Brothers LLC MA grew its position in shares of Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 210 shares during the period. Connors Investor Services Inc. increased its stake in shares of Sprouts Farmers Market by 0.4% during the third quarter. Connors Investor Services Inc. now owns 58,125 shares of the company’s stock worth $2,488,000 after purchasing an additional 229 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Sprouts Farmers Market by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 8,470 shares of the company’s stock worth $407,000 after purchasing an additional 233 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in Sprouts Farmers Market by 3.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,659 shares of the company’s stock worth $328,000 after buying an additional 256 shares during the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In other news, insider Brandon F. Lombardi sold 22,799 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total value of $1,367,484.02. Following the sale, the insider now directly owns 8,328 shares in the company, valued at approximately $499,513.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sprouts Farmers Market news, insider Timmi Zalatoris sold 5,353 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.62, for a total transaction of $329,851.86. Following the transaction, the insider now owns 10,895 shares of the company’s stock, valued at $671,349.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brandon F. Lombardi sold 22,799 shares of Sprouts Farmers Market stock in a transaction on Monday, February 26th. The shares were sold at an average price of $59.98, for a total transaction of $1,367,484.02. Following the completion of the transaction, the insider now directly owns 8,328 shares in the company, valued at $499,513.44. The disclosure for this sale can be found here. Insiders sold 160,852 shares of company stock valued at $10,032,745 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SFM shares. Oppenheimer restated a “market perform” rating on shares of Sprouts Farmers Market in a research report on Monday. Wells Fargo & Company upped their target price on shares of Sprouts Farmers Market from $48.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and raised their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. BMO Capital Markets upped their price objective on shares of Sprouts Farmers Market from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, Evercore ISI decreased their target price on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.50.

Sprouts Farmers Market Trading Up 14.5 %

Shares of NASDAQ:SFM traded up $9.29 during midday trading on Thursday, reaching $73.58. 2,105,434 shares of the company’s stock were exchanged, compared to its average volume of 1,332,571. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 2.40 and a beta of 0.50. Sprouts Farmers Market, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $74.03. The firm’s 50 day simple moving average is $63.29 and its two-hundred day simple moving average is $52.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current fiscal year.

Sprouts Farmers Market Company 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.