Ritholtz Wealth Management Has $2.69 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Ritholtz Wealth Management grew its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,163 shares of the company’s stock after buying an additional 1,279 shares during the period. Ritholtz Wealth Management’s holdings in Sprouts Farmers Market were worth $2,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SFM. Accent Capital Management LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at approximately $38,000. Quarry LP increased its stake in shares of Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the period. First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% during the 3rd 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 last quarter. Finally, Waldron Private Wealth LLC bought a new stake in Sprouts Farmers Market in the 3rd quarter valued at $60,000.

Insider Activity at Sprouts Farmers Market

In other news, Director Joseph D. O’leary sold 350 shares of Sprouts Farmers Market stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now owns 17,991 shares in the company, valued at approximately $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 30,000 shares of the business’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 directly owns 163,862 shares in the company, valued at approximately $24,454,764.88. This represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock valued at $8,778,152 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Sprouts Farmers Market Stock Performance

Sprouts Farmers Market stock opened at $139.25 on Friday. 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 stock has a market cap of $13.92 billion, a PE ratio of 40.25, a P/E/G ratio of 1.82 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 12-month low of $48.98 and a 12-month high of $155.64. The business’s 50-day moving average price is $141.53 and its two-hundred day moving average price is $116.57.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

About Sprouts Farmers Market

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.