Green Alpha Advisors LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,487 shares of the company’s stock, valued at approximately $1,310,000.
A number of other hedge funds also recently made changes to their positions in the business. MML Investors Services LLC grew its holdings in Sprouts Farmers Market by 0.6% in the 2nd quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock worth $3,340,000 after buying an additional 124 shares in the last quarter. Advisory Services Network LLC raised its stake in Sprouts Farmers Market by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after acquiring an additional 139 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in Sprouts Farmers Market by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 5,578 shares of the company’s stock worth $472,000 after acquiring an additional 155 shares during the period. Clearstead Advisors LLC boosted its position in Sprouts Farmers Market by 72.7% during the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Sprouts Farmers Market by 4.3% in the fourth quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock worth $327,000 after purchasing an additional 171 shares in the last quarter.
Sprouts Farmers Market Stock Performance
Shares of NASDAQ SFM opened at $81.08 on Friday. Sprouts Farmers Market, Inc. has a 1 year low of $64.75 and a 1 year high of $149.66. The firm has a market cap of $7.56 billion, a P/E ratio of 15.53, a PEG ratio of 1.94 and a beta of 0.68. The stock has a fifty day moving average price of $81.59 and a two-hundred day moving average price of $78.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.43 and a current ratio of 0.99.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Evercore reissued an “outperform” rating on shares of Sprouts Farmers Market in a report on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. UBS Group raised their target price on shares of Sprouts Farmers Market from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised shares of Sprouts Farmers Market from a “neutral” rating to an “overweight” rating and raised their target price for the company from $80.00 to $103.00 in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $91.58.
Check Out Our Latest Report on Sprouts Farmers Market
Insider Buying and Selling
In other news, COO Nicholas Konat sold 12,538 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the completion of the transaction, the chief operating officer owned 66,119 shares in the company, valued at approximately $5,811,860.10. This trade represents a 15.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph D. O’leary sold 2,597 shares of Sprouts Farmers Market stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $82.57, for a total transaction of $214,434.29. Following the completion of the transaction, the director directly owned 14,710 shares in the company, valued at $1,214,604.70. This represents a 15.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,289 shares of company stock valued at $4,991,405 over the last three months. Company insiders own 1.30% of the company’s stock.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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