Brown Miller Wealth Management LLC Acquires Shares of 2,184 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Brown Miller Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,184 shares of the company's stock, valued at approximately $333,000.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its position in shares of Sprouts Farmers Market by 92.0% during the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after acquiring an additional 92 shares during the period. GeoWealth Management LLC grew its position in shares of Sprouts Farmers Market by 115.4% during the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares during the period. Global Retirement Partners LLC grew 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 valued at $37,000 after acquiring an additional 132 shares during the period. Versant Capital Management Inc grew its position in shares of Sprouts Farmers Market by 111.3% during the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after acquiring an additional 168 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $51,000.

Sprouts Farmers Market Stock Up 1.7%

Sprouts Farmers Market stock opened at $160.55 on Tuesday. Sprouts Farmers Market, Inc. has a twelve month low of $76.31 and a twelve month high of $182.00. The stock's fifty day simple moving average is $164.47 and its 200-day simple moving average is $153.06. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $15.71 billion, a P/E ratio of 42.70, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data 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. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The company's revenue was up 18.7% on a year-over-year basis. As a group, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $157.06, for a total value of $457,829.90. Following the completion of the transaction, the chief executive officer now owns 177,655 shares in the company, valued at $27,902,494.30. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timmi Zalatoris sold 736 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $137.45, for a total transaction of $101,163.20. Following the completion of the transaction, the insider now owns 13,575 shares of the company's stock, valued at $1,865,883.75. This represents a 5.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,852 shares of company stock worth $13,219,431. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

SFM has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Roth Mkm lifted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Evercore ISI lifted their price objective on 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 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Northcoast Research upgraded Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Friday, February 28th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average 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.

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