Sculati Wealth Management LLC Purchases New Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sculati Wealth Management LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,600 shares of the company's stock, valued at approximately $203,000.

A number of other hedge funds have also added to or reduced their stakes in SFM. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the 4th quarter worth about $31,000. Avior Wealth Management LLC boosted 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 purchasing an additional 130 shares during the last quarter. GeoWealth Management LLC grew its stake in Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Sprouts Farmers Market by 84.1% during the 4th 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. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at approximately $51,000.

Sprouts Farmers Market Trading Down 1.1%

SFM traded down $1.84 during trading on Thursday, hitting $167.43. The company's stock had a trading volume of 1,383,350 shares, compared to its average volume of 1,442,628. The firm has a market capitalization of $16.38 billion, a P/E ratio of 44.53, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $74.15 and a twelve month 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 stock's fifty day moving average price is $159.98 and its 200-day moving average price is $151.19.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. Sprouts Farmers Market's revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 890 shares of Sprouts Farmers Market stock in a transaction on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $122,303.80. Following the transaction, the vice president now directly owns 9,347 shares of the company's stock, valued at $1,284,464.74. The trade was a 8.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Sinclair sold 49,898 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the completion of the transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at $26,034,081.58. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,277 shares of company stock worth $18,912,055. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Bank of America boosted 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. UBS Group raised their target price on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus price target of $167.79.

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.