Dakota Wealth Management Has $2.66 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dakota Wealth Management lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 86.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,898 shares of the company’s stock after purchasing an additional 9,712 shares during the quarter. Dakota Wealth Management’s holdings in Sprouts Farmers Market were worth $2,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ballentine Partners LLC increased its stake in Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock worth $489,000 after acquiring an additional 96 shares during the period. CIBC Asset Management Inc increased its position in shares of Sprouts Farmers Market by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,917 shares of the company’s stock worth $322,000 after purchasing an additional 101 shares during the period. Caprock Group LLC raised its stake in Sprouts Farmers Market by 1.9% in the third quarter. Caprock Group LLC now owns 5,477 shares of the company’s stock valued at $605,000 after purchasing an additional 102 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Sprouts Farmers Market by 28.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 494 shares of the company’s stock worth $63,000 after purchasing an additional 110 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Sprouts Farmers Market by 22.6% during the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $79,000 after buying an additional 114 shares in the last quarter.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the transaction, the director now directly owns 17,991 shares in the company, valued at approximately $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock worth $8,778,152 over the last three months. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $146.25 on Thursday. The business’s 50-day moving average price is $141.42 and its 200-day moving average price is $118.10. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.94 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 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 Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SFM shares. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Evercore ISI upped their price objective on 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, Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market has a consensus rating of “Hold” and a consensus price target 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.