Strategic Investment Advisors MI Has $780,000 Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Strategic Investment Advisors MI decreased its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,142 shares of the company’s stock after selling 206 shares during the period. Strategic Investment Advisors MI’s holdings in Sprouts Farmers Market were worth $780,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in Sprouts Farmers Market in the third quarter worth $25,000. Avior Wealth Management LLC lifted its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th 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 stake in shares of Sprouts Farmers Market during the 3rd quarter valued at about $38,000. Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% in the second quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during the period.

Sprouts Farmers Market Stock Performance

SFM stock opened at $146.75 on Monday. The company has a 50 day moving average price of $141.60 and a 200 day moving average price of $119.28. Sprouts Farmers Market, Inc. has a fifty-two week low of $49.35 and a fifty-two week high of $155.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The stock has a market capitalization of $14.67 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Bank of America upped their price target 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. Evercore ISI lifted their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $118.40.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 11,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now directly owns 33,571 shares of the company’s stock, valued at approximately $4,459,571.64. The trade was a 25.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.60, for a total value of $757,676.40. Following the sale, the chief executive officer now directly owns 199,576 shares of the company’s stock, valued at approximately $26,463,777.60. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,869 shares of company stock worth $8,778,152 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.