Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Park Place Capital Corp

Park Place Capital Corp raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 3,607.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 482 shares of the company’s stock after purchasing an additional 469 shares during the quarter. Park Place Capital Corp’s holdings in Sprouts Farmers Market were worth $61,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dakota Wealth Management raised its holdings in Sprouts Farmers Market by 86.8% in the 4th quarter. Dakota Wealth Management now owns 20,898 shares of the company’s stock valued at $2,656,000 after buying an additional 9,712 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 5.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,174 shares of the company’s stock valued at $403,000 after acquiring an additional 175 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $205,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Sprouts Farmers Market by 2.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,117 shares of the company’s stock worth $905,000 after acquiring an additional 167 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of 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 purchasing an additional 96 shares during the period.

Insiders Place Their Bets

In related news, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction on Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the transaction, the insider now directly owns 11,184 shares of the company’s stock, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joe Fortunato sold 11,500 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the sale, the director now directly owns 33,571 shares in the company, valued at $4,459,571.64. This trade represents a 25.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,869 shares of company stock worth $8,778,152. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on SFM shares. Wells Fargo & Company boosted their target price on 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 increased 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. Bank of America lifted 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. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $118.40.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $146.25 on Thursday. 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 firm has a market cap of $14.62 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.94 and a beta of 0.63. The firm’s fifty day moving average price is $141.42 and its 200 day moving average price is $118.10. Sprouts Farmers Market, Inc. has a 1-year low of $48.98 and a 1-year high of $155.64.

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, topping analysts’ consensus estimates 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 net margin of 4.73% and a return on equity of 28.24%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. On average, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current 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.