Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 9,636 shares of the company’s stock after buying an additional 651 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sprouts Farmers Market were worth $1,224,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of SFM. Geode Capital Management LLC raised its holdings in shares of Sprouts Farmers Market by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after purchasing an additional 56,161 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after purchasing an additional 156,175 shares during the period. Congress Asset Management Co. raised its stake in shares of Sprouts Farmers Market by 94.9% during the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after buying an additional 632,523 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sprouts Farmers Market by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock worth $108,561,000 after buying an additional 48,103 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Sprouts Farmers Market by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock worth $77,122,000 after acquiring an additional 10,326 shares during the period.

Insider Buying and Selling

In other news, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. The trade was a 1.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,614 shares of company stock worth $6,323,731. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFM has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Bank of America raised their price target on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. UBS Group upped their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm raised their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and four have given 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 $152.40.

Sprouts Farmers Market Stock Down 15.6 %

SFM stock opened at $143.32 on Monday. Sprouts Farmers Market, Inc. has a 52 week low of $52.57 and a 52 week high of $178.99. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $148.11 and a 200-day simple moving average of $130.10. The stock has a market capitalization of $14.13 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.31 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM) last posted 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. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.