AdvisorNet Financial Inc Acquires 114 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

AdvisorNet Financial Inc raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 618 shares of the company’s stock after buying an additional 114 shares during the period. AdvisorNet Financial Inc’s holdings in Sprouts Farmers Market were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SFM. Accent Capital Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $38,000. Quarry LP lifted its position in Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $60,000.

Sprouts Farmers Market Stock Down 0.9 %

Shares of SFM opened at $139.25 on Friday. Sprouts Farmers Market, Inc. has a 52 week low of $48.98 and a 52 week high of $155.64. The firm has a market cap of $13.92 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The firm’s 50-day simple moving average is $141.53 and its 200 day simple moving average is $116.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

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

Insider Transactions at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the sale, the director now directly owns 10,874 shares in the company, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total transaction of $4,477,200.00. Following the completion of the sale, the chief executive officer now owns 163,862 shares of the company’s stock, valued at $24,454,764.88. The trade was a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Melius Research began coverage on shares of Sprouts Farmers Market in a research report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective on the stock. Bank of America boosted their price target on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI boosted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $118.40.

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.