Cambridge Investment Research Advisors Inc. Has $6.56 Million Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 60.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 42,978 shares of the company's stock after purchasing an additional 16,118 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Sprouts Farmers Market were worth $6,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its position in Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after buying an additional 92 shares during the period. GeoWealth Management LLC grew its stake 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 worth $34,000 after acquiring an additional 142 shares during the last quarter. Global Retirement Partners LLC increased 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 worth $37,000 after acquiring an additional 132 shares during the period. Versant Capital Management Inc increased 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 worth $49,000 after acquiring an additional 168 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Sprouts Farmers Market during the 4th quarter valued at $51,000.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ:SFM opened at $160.44 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51. The business's fifty day moving average price is $165.62 and its two-hundred day moving average price is $153.80. Sprouts Farmers Market, Inc. has a fifty-two week low of $79.34 and a fifty-two week high of $182.00. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 1.91 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.27. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. 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 firm earned $1.12 EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. As a group, analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Insider Activity

In other news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $151.34, for a total transaction of $302,680.00. Following the transaction, the insider now directly owns 13,263 shares in the company, valued at approximately $2,007,222.42. This represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Terri F. Graham sold 1,278 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $180.00, for a total transaction of $230,040.00. Following the sale, the director now directly owns 32,910 shares in the company, valued at $5,923,800. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,905 shares of company stock worth $11,963,931. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SFM. Northcoast Research upgraded shares of Sprouts Farmers Market from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Royal Bank Of Canada boosted their price target on 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. Roth Capital set a $155.00 price target on Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Sprouts Farmers Market currently has an average rating of "Hold" and a consensus 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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