Raymond James & Associates Has $1 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Raymond James & Associates raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,860 shares of the company’s stock after purchasing an additional 5,028 shares during the period. Raymond James & Associates’ holdings in Sprouts Farmers Market were worth $1,004,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SFM. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $1,337,000. Nordea Investment Management AB raised its holdings in Sprouts Farmers Market by 614.5% during the 4th 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 during the period. Baldwin Brothers LLC MA lifted its stake in Sprouts Farmers Market by 20.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock valued at $61,000 after buying an additional 210 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Sprouts Farmers Market by 4.2% during the fourth quarter. Fulton Bank N.A. now owns 7,221 shares of the company’s stock worth $347,000 after acquiring an additional 288 shares in the last quarter. Finally, Connors Investor Services Inc. raised its holdings in shares of Sprouts Farmers Market by 0.4% during the third quarter. Connors Investor Services Inc. now owns 58,125 shares of the company’s stock worth $2,488,000 after acquiring an additional 229 shares during the period.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $65.15 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 1.10. The stock has a 50 day moving average price of $61.13 and a 200 day moving average price of $51.30. The stock has a market capitalization of $6.59 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 52 week low of $32.12 and a 52 week high of $65.53.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a return on equity of 26.71% and a net margin of 3.79%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts predict that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SFM has been the subject of a number of research analyst reports. 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 Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Finally, Evercore ISI dropped their target price on Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $51.14.

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the transaction, the chief executive officer now owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total transaction of $1,998,681.30. Following the completion of the sale, the chief executive officer now owns 274,981 shares of the company’s stock, valued at approximately $17,332,052.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nicholas Konat sold 31,846 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares in the company, valued at $5,125,414.35. The disclosure for this sale can be found here. Insiders sold a total of 160,852 shares of company stock valued at $10,032,745 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.