Landscape Capital Management L.L.C. Sells 3,029 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Landscape Capital Management L.L.C. reduced its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,735 shares of the company’s stock after selling 3,029 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Sprouts Farmers Market were worth $3,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SFM. Accent Capital Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC grew its holdings in Sprouts Farmers Market by 223.5% during the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sprouts Farmers Market during the 2nd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at $38,000. Finally, Quarry LP lifted its stake in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and a consensus price target of $115.40.

Sprouts Farmers Market Stock Down 0.5 %

Sprouts Farmers Market stock opened at $142.75 on Thursday. The company has a 50 day moving average of $120.80 and a 200-day moving average of $98.40. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $40.39 and a twelve month high of $148.56. The stock has a market capitalization of $14.27 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, Director Kristen E. Blum sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the transaction, the director now owns 51,627 shares in the company, valued at $5,162,700. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Hamilton sold 921 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $113.60, for a total value of $104,625.60. Following the completion of the transaction, the insider now owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,148 shares of company stock valued at $5,853,826 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.