Foster & Motley Inc. Acquires 2,987 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Foster & Motley Inc. grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,549 shares of the company’s stock after purchasing an additional 2,987 shares during the period. Foster & Motley Inc.’s holdings in Sprouts Farmers Market were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Xponance Inc. lifted its position in Sprouts Farmers Market by 1.4% during the 4th quarter. Xponance Inc. now owns 14,976 shares of the company’s stock worth $720,000 after buying an additional 209 shares in the last quarter. Baldwin Brothers LLC MA lifted its position in shares of Sprouts Farmers Market by 20.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 210 shares in the last quarter. Connors Investor Services Inc. lifted its position in shares of Sprouts Farmers Market by 0.4% during the third quarter. Connors Investor Services Inc. now owns 58,125 shares of the company’s stock worth $2,488,000 after purchasing an additional 229 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Sprouts Farmers Market by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 8,470 shares of the company’s stock valued at $407,000 after purchasing an additional 233 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Sprouts Farmers Market by 3.5% in the third quarter. First Trust Direct Indexing L.P. now owns 7,659 shares of the company’s stock valued at $328,000 after purchasing an additional 256 shares in the last quarter.

Sprouts Farmers Market Stock Up 0.1 %

Sprouts Farmers Market stock opened at $65.49 on Wednesday. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.38 and a beta of 0.50. The company’s 50 day simple moving average is $61.40 and its 200 day simple moving average is $51.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 0.51. Sprouts Farmers Market, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $66.18.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current year.

Insider Activity

In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Sprouts Farmers Market news, COO Nicholas Konat sold 31,846 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $62.13, for a total value of $1,978,591.98. Following the sale, the chief operating officer now owns 82,495 shares in the company, valued at approximately $5,125,414.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy W. Hilgendorf sold 417 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $62.47, for a total value of $26,049.99. Following the transaction, the vice president now directly owns 10,331 shares of the company’s stock, valued at approximately $645,377.57. The disclosure for this sale can be found here. Insiders sold 160,852 shares of company stock worth $10,032,745 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SFM shares. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Bank of America raised shares of Sprouts Farmers Market from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $70.00 in a research note on Tuesday, February 27th. Finally, Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $51.14.

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.