Dorsey & Whitney Trust CO LLC Acquires Shares of 1,648 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dorsey & Whitney Trust CO LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,648 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market in the third quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC boosted its position in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of 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 purchasing an additional 162 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO Jack Sinclair sold 2,935 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the sale, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the company’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 transaction of $724,000.00. Following the transaction, the director now directly owns 28,571 shares of the company’s stock, valued at $4,137,080.80. This trade represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,564 shares of company stock valued at $6,890,970. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

SFM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America boosted their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, February 21st. Evercore ISI reduced their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $154.15.

Sprouts Farmers Market Trading Up 1.6 %

Sprouts Farmers Market stock opened at $134.91 on Wednesday. The stock has a 50-day moving average price of $150.39 and a 200 day moving average price of $133.68. Sprouts Farmers Market, Inc. has a 52 week low of $60.46 and a 52 week high of $178.99. The stock has a market cap of $13.30 billion, a PE ratio of 35.88, a P/E/G ratio of 2.31 and a beta of 0.67. 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 (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.