Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397,412 shares of the company’s stock after selling 173,315 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.40% of Sprouts Farmers Market worth $154,288,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after purchasing an additional 101 shares in the last quarter. Caprock Group LLC grew its stake in Sprouts Farmers Market by 1.9% during the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock worth $605,000 after buying an additional 102 shares during the period. UMB Bank n.a. increased its position in shares of Sprouts Farmers Market by 26.3% in the third quarter. UMB Bank n.a. now owns 605 shares of the company’s stock worth $67,000 after acquiring an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Sprouts Farmers Market by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,717 shares of the company’s stock valued at $1,566,000 after acquiring an additional 148 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Sprouts Farmers Market by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,645 shares of the company’s stock valued at $402,000 after acquiring an additional 158 shares during the period.

Sprouts Farmers Market Stock Up 1.7 %

SFM stock opened at $154.48 on Friday. 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 has a 50 day simple moving average of $127.19 and a 200-day simple moving average of $101.90. The company has a market capitalization of $15.45 billion, a P/E ratio of 44.65, a PEG ratio of 2.30 and a beta of 0.54. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $155.64.

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

Insider Buying and Selling

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now directly owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction dated 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 transaction, the insider now directly owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,516 shares of company stock worth $4,465,466. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada assumed coverage on Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 price target for the company. The Goldman Sachs Group upped their target price 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. BMO Capital Markets raised their target price on 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 upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They set a “hold” rating and a $105.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.40.

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.