Centaurus Financial Inc. Buys New Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Centaurus Financial Inc. bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,353 shares of the company’s stock, valued at approximately $149,000.

Other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth $25,000. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% in the 2nd quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sprouts Farmers Market in the 2nd quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter worth $38,000. Finally, Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after acquiring an additional 442 shares in the last quarter.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.66, for a total value of $657,462.96. Following the transaction, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the transaction, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. The trade was a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,516 shares of company stock valued at $4,465,466. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Trading Down 0.9 %

Shares of SFM opened at $151.97 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a 12-month low of $41.27 and a 12-month high of $154.55. The firm has a 50-day moving average price of $124.34 and a 200 day moving average price of $100.64. The firm has a market capitalization of $15.20 billion, a P/E ratio of 43.92, a P/E/G ratio of 2.24 and a beta of 0.54.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SFM shares. Bank of America boosted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Melius Research started coverage on shares of Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 target price for the company. Finally, Evercore ISI upped their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Eight equities research 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, the company currently has an average rating of “Hold” and a consensus price target 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.