EverSource Wealth Advisors LLC Purchases 77 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

EverSource Wealth Advisors LLC lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,975 shares of the company’s stock after buying an additional 77 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Sprouts Farmers Market were worth $251,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sprouts Farmers Market during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC lifted 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 valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Evercore ISI cut their price target on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America lifted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.15.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $136.75 on Friday. The stock has a market cap of $13.48 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 52-week low of $60.46 and a 52-week high of $178.99. The business has a 50-day simple moving average of $150.80 and a 200-day simple moving average of $134.43. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the transaction, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total transaction of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares of the company’s stock, valued at approximately $4,137,080.80. The trade was a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,564 shares of company stock worth $2,413,770. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Company Profile

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.