Ritholtz Wealth Management Has $3.29 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Ritholtz Wealth Management increased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,542 shares of the company’s stock after purchasing an additional 379 shares during the period. Ritholtz Wealth Management’s holdings in Sprouts Farmers Market were worth $3,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new stake in Sprouts Farmers Market in the 1st quarter worth about $298,000. McBroom & Associates LLC bought a new position in shares of Sprouts Farmers Market during the first quarter worth approximately $3,234,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Sprouts Farmers Market by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,114 shares of the company’s stock valued at $1,086,000 after buying an additional 1,160 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Sprouts Farmers Market by 11.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 4,652 shares of the company’s stock valued at $710,000 after buying an additional 494 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of Sprouts Farmers Market in the first quarter valued at approximately $1,305,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Roth Mkm lifted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Evercore ISI boosted their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Royal Bank of Canada upped their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 1st. UBS Group raised their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and upped their price target for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.79.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 229 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total value of $31,929.47. Following the completion of the transaction, the vice president now directly owns 10,226 shares in the company, valued at approximately $1,425,811.18. This represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Konat sold 20,270 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the transaction, the chief operating officer now directly owns 55,675 shares of the company’s stock, valued at $9,325,562.50. The trade was a 26.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,852 shares of company stock valued at $13,219,431 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Sprouts Farmers Market Trading Up 0.6%

Shares of Sprouts Farmers Market stock opened at $157.92 on Monday. The firm has a market capitalization of $15.45 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $164.15 and its 200 day moving average is $153.02. Sprouts Farmers Market, Inc. has a 1 year low of $76.31 and a 1 year high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. Equities research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.