Mezzasalma Advisors LLC Purchases Shares of 16,514 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mezzasalma Advisors LLC acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,514 shares of the company’s stock, valued at approximately $2,098,000.

Several other institutional investors have also recently made changes to their positions in SFM. 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 Sprouts Farmers Market in the 4th quarter worth $31,000. Avior Wealth Management LLC raised its position 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 acquiring 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 $38,000. Finally, First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% during the third 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.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $167.97 on Friday. The company’s 50-day moving average is $143.83 and its two-hundred day moving average is $123.56. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 48.55, a PEG ratio of 2.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. Sprouts Farmers Market, Inc. has a 1-year low of $50.12 and a 1-year high of $170.50.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the transaction, the director now owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,614 shares of company stock worth $6,323,731. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SFM shares. The Goldman Sachs Group upped their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America raised their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on 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. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $119.40.

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.