Congress Wealth Management LLC DE Increases Stock Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Congress Wealth Management LLC DE boosted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 64.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,228 shares of the company’s stock after buying an additional 75,051 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Sprouts Farmers Market were worth $24,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth approximately $31,000. Avior Wealth Management LLC lifted its holdings in Sprouts Farmers Market by 93.5% during the fourth 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. Global Retirement Partners LLC boosted its position in Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. First Horizon Advisors Inc. grew 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 valued at $40,000 after purchasing an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at $51,000.

Insider Transactions at Sprouts Farmers Market

In other news, VP Stacy W. Hilgendorf sold 229 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total value of $31,929.47. Following the transaction, the vice president now owns 10,226 shares of the company’s stock, valued at $1,425,811.18. This represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Gregory Rauch sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $140.25, for a total transaction of $140,250.00. Following the sale, the director now owns 10,598 shares in the company, valued at approximately $1,486,369.50. This trade represents a 8.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,501 shares of company stock valued at $11,616,851. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Up 1.9 %

SFM stock opened at $142.39 on Monday. The stock has a 50-day simple moving average of $150.88 and a two-hundred day simple moving average of $136.02. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The firm has a market capitalization of $13.96 billion, a PE ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. On average, equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Friday, February 28th. BMO Capital Markets increased their target price on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Evercore ISI reduced their price objective on Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $162.92.

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.