Boston Trust Walden Corp Sells 326,476 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Boston Trust Walden Corp reduced its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 716,671 shares of the company’s stock after selling 326,476 shares during the period. Boston Trust Walden Corp’s holdings in Sprouts Farmers Market were worth $79,128,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the period. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market in the 3rd quarter valued at approximately $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market during the 2nd quarter valued at $29,000. Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% during the second 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. Finally, Waldron Private Wealth LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth $60,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM traded up $0.54 during trading on Friday, reaching $119.32. The company had a trading volume of 1,402,102 shares, compared to its average volume of 1,311,438. The company has a fifty day moving average of $107.64 and a two-hundred day moving average of $89.25. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $11.95 billion, a P/E ratio of 37.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.56. Sprouts Farmers Market, Inc. has a 12 month low of $39.76 and a 12 month high of $120.69.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets upgraded Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $40.00 to $102.00 in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $62.00 to $90.00 in a research report on Tuesday, July 30th. Roth Mkm raised their price objective on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. UBS Group upped their target price on shares of Sprouts Farmers Market from $68.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, Evercore ISI increased their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of “Hold” and a consensus target price of $104.40.

Insider Activity

In related news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $95.52, for a total value of $545,801.28. Following the completion of the sale, the chief executive officer now owns 233,860 shares in the company, valued at $22,338,307.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now owns 233,860 shares of the company’s stock, valued at approximately $22,338,307.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timmi Zalatoris sold 56,800 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $100.00, for a total transaction of $5,680,000.00. Following the completion of the sale, the insider now directly owns 10,895 shares of the company’s stock, valued at $1,089,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,142 shares of company stock worth $12,401,112. 1.10% of the stock is currently owned by 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.