Steward Partners Investment Advisory LLC Has $264,000 Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Steward Partners Investment Advisory LLC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 30.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,074 shares of the company’s stock after purchasing an additional 484 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Sprouts Farmers Market were worth $264,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Unified Investment Management acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $1,161,000. Sage Rhino Capital LLC acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $201,000. LGT Fund Management Co Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $2,331,000. SBI Securities Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $51,000. Finally, Jones Financial Companies Lllp raised its stake in Sprouts Farmers Market by 481.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,855 shares of the company’s stock worth $363,000 after buying an additional 2,364 shares during the period.

Wall Street Analysts Forecast Growth

SFM has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Evercore ISI cut their price target on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. 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.com, the stock has an average rating of “Hold” and an average target price of $154.15.

Sprouts Farmers Market Stock Performance

SFM opened at $136.75 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The firm has a market capitalization of $13.48 billion, a PE ratio of 36.37, a PEG ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The business’s 50-day simple moving average is $150.76 and its 200 day simple moving average is $133.96.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.96 billion. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $138.99, for a total transaction of $794,188.86. Following the transaction, the chief executive officer now owns 158,148 shares of the company’s stock, valued at $21,980,990.52. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the transaction, the director now directly owns 28,571 shares in the company, valued at approximately $4,137,080.80. This trade represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,564 shares of company stock worth $2,413,770. Corporate insiders own 1.10% of the company’s stock.

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.