Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,649 shares of the company’s stock after buying an additional 90 shares during the period. Foundations Investment Advisors LLC’s holdings in Sprouts Farmers Market were worth $845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Avior Wealth Management LLC increased its stake in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the period. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market during the third quarter worth approximately $38,000. First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the period. Finally, Quarry LP boosted its stake in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America upped their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $118.40.

Sprouts Farmers Market Price Performance

SFM opened at $155.11 on Thursday. Sprouts Farmers Market, Inc. has a 12-month low of $49.81 and a 12-month high of $155.64. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $15.51 billion, a P/E ratio of 44.83, a PEG ratio of 1.93 and a beta of 0.63. The stock has a fifty day moving average of $142.20 and a 200-day moving average of $120.49.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the transaction, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 25.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This trade represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,869 shares of company stock worth $8,778,152. 1.10% of the stock is owned by company insiders.

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.