Dorsey & Whitney Trust CO LLC Invests $209,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dorsey & Whitney Trust CO LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,648 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. increased its holdings in Sprouts Farmers Market by 0.3% in the 4th quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares in the last quarter. Greenleaf Trust boosted its position in shares of Sprouts Farmers Market by 1.2% in the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after buying an additional 80 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Sprouts Farmers Market by 1.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock valued at $845,000 after buying an additional 90 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after buying an additional 96 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Sprouts Farmers Market by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after acquiring an additional 101 shares in the last quarter.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the sale, the director now owns 28,571 shares of the company’s stock, valued at $4,137,080.80. This represents a 14.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total transaction of $794,188.86. Following the sale, the chief executive officer now owns 158,148 shares in the company, valued at approximately $21,980,990.52. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,564 shares of company stock worth $6,890,970 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SFM. Roth Mkm increased their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Friday, February 28th. UBS Group lifted their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Evercore ISI dropped their target price on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $154.15.

Sprouts Farmers Market Stock Up 1.6 %

Shares of Sprouts Farmers Market stock opened at $134.91 on Wednesday. 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 business has a 50-day moving average price of $150.39 and a 200 day moving average price of $133.68. Sprouts Farmers Market, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $178.99. The firm has a market cap of $13.30 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. On average, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 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.