OneDigital Investment Advisors LLC Buys New Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

OneDigital Investment Advisors LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,877 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC raised its position in shares of Sprouts Farmers Market by 223.5% during the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Sprouts Farmers Market during the third quarter valued at $38,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Sprouts Farmers Market in the 2nd quarter valued at $29,000. Quarry LP lifted its stake in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $60,000.

Sprouts Farmers Market Trading Up 0.8 %

Shares of SFM opened at $147.13 on Friday. The company’s fifty day simple moving average is $122.58 and its 200-day simple moving average is $99.23. The company has a market cap of $14.71 billion, a P/E ratio of 42.52, a P/E/G ratio of 2.21 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $148.56.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 5,097 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $102.00, for a total value of $519,894.00. Following the transaction, the insider now directly owns 26,138 shares in the company, valued at $2,666,076. This represents a 16.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristen E. Blum sold 2,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 51,627 shares in the company, valued at approximately $5,162,700. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,148 shares of company stock valued at $5,853,826. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SFM shares. StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Wednesday. Melius Research initiated coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They set a “hold” rating and a $105.00 price target for the company. Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Bank of America increased their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.40.

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.