Strategic Investment Advisors MI Sells 206 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Strategic Investment Advisors MI cut its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,142 shares of the company’s stock after selling 206 shares during the quarter. Strategic Investment Advisors MI’s holdings in Sprouts Farmers Market were worth $780,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the 3rd quarter worth about $25,000. Avior Wealth Management LLC grew its holdings in Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares during the period. V Square Quantitative Management LLC acquired a new position in Sprouts Farmers Market during the third quarter worth approximately $38,000. First Horizon Advisors Inc. raised its stake in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the period. Finally, Quarry LP lifted its position in shares of Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after buying an additional 442 shares during the last quarter.

Sprouts Farmers Market Stock Performance

NASDAQ SFM opened at $146.75 on Monday. The firm’s 50 day simple moving average is $141.60 and its 200 day simple moving average is $119.28. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 42.41, a P/E/G ratio of 1.93 and a beta of 0.63. 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 1 year low of $49.35 and a 1 year high of $155.64.

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

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This represents a 30.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Sinclair sold 5,714 shares of Sprouts Farmers Market stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares in the company, valued at $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,869 shares of company stock valued at $8,778,152. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SFM. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets raised their price objective 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. Evercore ISI increased their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $118.40.

Sprouts Farmers Market 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.