Abundance Wealth Counselors Lowers Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Abundance Wealth Counselors decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 44.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,279 shares of the company’s stock after selling 1,818 shares during the period. Abundance Wealth Counselors’ holdings in Sprouts Farmers Market were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SFM. Accent Capital Management LLC bought a new position in Sprouts Farmers Market during the 3rd quarter valued at approximately $25,000. Avior Wealth Management LLC increased its holdings in shares of 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 in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter worth about $38,000. Quarry LP raised its position in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock worth $40,000 after purchasing an additional 442 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after purchasing an additional 162 shares in the last quarter.

Insider Activity

In related news, insider Joseph L. Hurley sold 4,956 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the sale, the insider now directly owns 11,184 shares in the company, valued at approximately $1,483,669.44. The trade was a 30.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the transaction, the chief executive officer now owns 199,576 shares of the company’s stock, valued at $26,463,777.60. This represents a 2.78 % decrease in their position. 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. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Trading Up 1.3 %

Shares of NASDAQ:SFM opened at $158.34 on Friday. The stock has a 50 day moving average of $142.63 and a 200 day moving average of $121.25. The company has a market cap of $15.83 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 12-month low of $49.81 and a 12-month high of $160.03. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

SFM has been the subject of several recent analyst reports. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, BMO Capital Markets boosted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $119.40.

Sprouts Farmers Market 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.