Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stake Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 104.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,143 shares of the company’s stock after buying an additional 1,094 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sprouts Farmers Market were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in Sprouts Farmers Market by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock worth $251,000 after buying an additional 77 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 92 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company’s stock worth $3,896,000 after purchasing an additional 95 shares in the last quarter. JT Stratford LLC grew its stake in shares of Sprouts Farmers Market by 0.9% in the fourth quarter. JT Stratford LLC now owns 11,091 shares of the company’s stock worth $1,409,000 after purchasing an additional 100 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Vident Advisory LLC now owns 7,641 shares of the company’s stock worth $971,000 after purchasing an additional 108 shares in the last quarter.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $140.25, for a total value of $140,250.00. Following the completion of the sale, the director now directly owns 10,598 shares of the company’s stock, valued at approximately $1,486,369.50. This represents a 8.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kim Coffin sold 756 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $140.65, for a total value of $106,331.40. Following the sale, the senior vice president now directly owns 12,625 shares of the company’s stock, valued at $1,775,706.25. This trade represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,300 shares of company stock valued at $14,014,512 over the last three months. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 0.4%

Shares of NASDAQ SFM opened at $161.21 on Wednesday. Sprouts Farmers Market, Inc. has a 12 month low of $76.31 and a 12 month high of $182.00. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $164.62 and a 200-day simple moving average of $153.12.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the business posted $1.12 earnings per share. Sprouts Farmers Market’s revenue was up 18.7% compared to the same quarter last year. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analyst Ratings Changes

SFM has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Royal Bank Of Canada increased their price target on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and increased their price target for the stock from $163.00 to $190.00 in a research note on Monday, March 17th. Finally, Wall Street Zen raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $167.79.

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.