4,826 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,826 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Sprouts Farmers Market by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,017,621 shares of the company’s stock worth $352,344,000 after buying an additional 57,361 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sprouts Farmers Market by 2.2% in the first quarter. Renaissance Technologies LLC now owns 5,898,332 shares of the company’s stock worth $188,629,000 after buying an additional 128,000 shares in the last quarter. State Street Corp lifted its stake in shares of Sprouts Farmers Market by 3.0% in the first quarter. State Street Corp now owns 3,854,433 shares of the company’s stock worth $135,021,000 after buying an additional 112,789 shares in the last quarter. Morgan Stanley lifted its stake in shares of Sprouts Farmers Market by 111.3% in the fourth quarter. Morgan Stanley now owns 3,093,805 shares of the company’s stock worth $100,146,000 after buying an additional 1,629,709 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Sprouts Farmers Market by 614.5% in the fourth quarter. Nordea Investment Management AB now owns 3,039,640 shares of the company’s stock worth $146,359,000 after buying an additional 2,614,241 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on SFM shares. The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $70.00 in a report on Tuesday, February 27th. Finally, Evercore ISI decreased their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.14.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the sale, the insider now directly owns 8,328 shares of the company’s stock, valued at $518,084.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sprouts Farmers Market news, Director Joe Fortunato sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.71, for a total value of $828,230.00. Following the completion of the transaction, the director now directly owns 39,395 shares in the company, valued at $2,509,855.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brandon F. Lombardi sold 3,865 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.21, for a total transaction of $240,441.65. Following the completion of the transaction, the insider now owns 8,328 shares of the company’s stock, valued at $518,084.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,852 shares of company stock valued at $10,032,745. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Down 0.0 %

SFM opened at $62.29 on Wednesday. Sprouts Farmers Market, Inc. has a twelve month low of $32.12 and a twelve month high of $65.53. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.28 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $60.36 and a 200-day moving average price of $50.84.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current year.

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.