3,634 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Bought by MRA Advisory Group

MRA Advisory Group bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,634 shares of the company's stock, valued at approximately $555,000.

Several other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC grew its position in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the fourth quarter valued at $31,000. GeoWealth Management LLC grew its position in Sprouts Farmers Market by 115.4% during the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after buying an additional 142 shares during the period. Global Retirement Partners LLC grew its position in Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after buying an additional 132 shares during the period. Finally, Versant Capital Management Inc grew its position in Sprouts Farmers Market by 111.3% during the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after buying an additional 168 shares during the period.

Sprouts Farmers Market Stock Performance

SFM opened at $168.12 on Friday. The firm has a market capitalization of $16.45 billion, a PE ratio of 44.71, 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 $182.00. The firm's 50-day moving average price is $162.80 and its 200 day moving average price is $152.37. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The firm 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 quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the transaction, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Terri F. Graham sold 1,278 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $180.00, for a total transaction of $230,040.00. Following the completion of the transaction, the director now owns 32,910 shares in the company, valued at approximately $5,923,800. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 145,825 shares of company stock worth $21,813,320 in the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Evercore ISI lifted their target price on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Royal Bank of Canada lifted their target price on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Finally, Roth Mkm lifted their target price on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Sprouts Farmers Market currently has an average rating of "Hold" and an average price target of $167.79.

About Sprouts Farmers Market

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.

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