Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 105.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,827 shares of the company's stock after purchasing an additional 9,651 shares during the period. Axxcess Wealth Management LLC's holdings in Sprouts Farmers Market were worth $2,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after acquiring an additional 92 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market during the first quarter worth approximately $30,000. GeoWealth Management LLC grew its position in shares of 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 during the last quarter. Versant Capital Management Inc grew its position in shares of Sprouts Farmers Market by 111.3% in the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after purchasing an additional 168 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in Sprouts Farmers Market by 100.9% during the first quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock worth $69,000 after purchasing an additional 228 shares during the last quarter.

Insider Buying and Selling

In other news, insider John Scott Neal sold 17,721 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $160.89, for a total value of $2,851,131.69. Following the transaction, the insider directly owned 14,178 shares in the company, valued at approximately $2,281,098.42. This represents a 55.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stacy W. Hilgendorf sold 2,247 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $173.00, for a total transaction of $388,731.00. Following the completion of the sale, the vice president directly owned 7,979 shares in the company, valued at approximately $1,380,367. This represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,035 shares of company stock worth $12,213,719 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on SFM shares. Evercore ISI upped their price target on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Roth Capital set a $155.00 target price on shares of Sprouts Farmers Market and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price objective for the company from $163.00 to $190.00 in a research note on Monday, March 17th. Royal Bank Of Canada upped their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $167.79.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM traded up $0.75 on Friday, hitting $159.47. 358,885 shares of the company were exchanged, compared to its average volume of 1,563,165. The firm has a market capitalization of $15.61 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77. The stock's 50 day moving average price is $164.60 and its 200 day moving average price is $155.24. Sprouts Farmers Market, Inc. has a 1-year low of $80.69 and a 1-year high of $182.00. The company has a current ratio of 0.95, a quick ratio of 0.51 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.27. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The company's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. Sell-side analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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.