Farther Finance Advisors LLC Grows Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Farther Finance Advisors LLC grew its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 47.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,665 shares of the company’s stock after acquiring an additional 1,832 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sprouts Farmers Market were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $26,000. Crewe Advisors LLC raised its holdings 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 last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Sprouts Farmers Market in the second quarter valued at about $29,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Sprouts Farmers Market in the first quarter valued at about $36,000. Finally, Principal Securities Inc. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SFM. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, July 29th. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $40.00 to $102.00 in a research report on Tuesday, July 30th. Roth Mkm increased their target price on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Bank of America increased their target price on shares of Sprouts Farmers Market from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI increased their target price on shares of Sprouts Farmers Market from $84.00 to $96.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.38.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jack Sinclair sold 5,718 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $77.07, for a total value of $440,686.26. Following the sale, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at $19,785,102.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy W. Hilgendorf sold 1,904 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $101.12, for a total transaction of $192,532.48. Following the completion of the sale, the vice president now directly owns 10,237 shares in the company, valued at $1,035,165.44. The disclosure for this sale can be found here. Insiders have sold 121,228 shares of company stock valued at $11,795,565 over the last three months. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Trading Down 4.2 %

Shares of Sprouts Farmers Market stock opened at $99.69 on Wednesday. Sprouts Farmers Market, Inc. has a 12-month low of $38.46 and a 12-month high of $104.41. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.96 and a beta of 0.56. 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 company’s 50-day moving average price is $91.06 and its 200-day moving average price is $76.77.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 3.37 earnings per share for the current fiscal year.

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.