Dorsey Wright & Associates Has $10.26 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dorsey Wright & Associates raised its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 67,185 shares of the company's stock after purchasing an additional 2,769 shares during the quarter. Sprouts Farmers Market accounts for about 2.6% of Dorsey Wright & Associates' investment portfolio, making the stock its 3rd biggest position. Dorsey Wright & Associates owned about 0.07% of Sprouts Farmers Market worth $10,255,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SFM. Whipplewood Advisors LLC raised its stake in shares of Sprouts Farmers Market by 92.0% in the 1st quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares in the last quarter. Dogwood Wealth Management LLC bought a new stake in Sprouts Farmers Market in the first quarter valued at about $30,000. GeoWealth Management LLC raised its position in 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 purchasing an additional 142 shares in the last quarter. Versant Capital Management Inc raised its position in Sprouts Farmers Market by 111.3% in the first quarter. Versant Capital Management Inc now owns 319 shares of the company's stock worth $49,000 after purchasing an additional 168 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of Sprouts Farmers Market by 100.9% during the 1st quarter. Contravisory Investment Management Inc. now owns 454 shares of the company's stock worth $69,000 after buying an additional 228 shares during the period.

Insiders Place Their Bets

In other news, Director Terri F. Graham sold 1,278 shares of Sprouts Farmers Market stock in a transaction 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 transaction, the director directly owned 32,910 shares of the company's stock, valued at $5,923,800. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Konat sold 20,270 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the completion of the sale, the chief operating officer owned 55,675 shares of the company's stock, valued at approximately $9,325,562.50. This represents a 26.69% decrease in their position. 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. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 0.6%

SFM stock traded up $1.06 during midday trading on Thursday, reaching $164.40. The stock had a trading volume of 1,050,899 shares, compared to its average volume of 2,081,863. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.04 and a beta of 0.77. Sprouts Farmers Market, Inc. has a twelve month low of $82.54 and a twelve month high of $182.00. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $164.75 and a two-hundred day simple moving average of $157.41.

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, beating analysts' consensus estimates of $1.54 by $0.27. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The firm's quarterly revenue was up 18.7% on a year-over-year basis. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $173.00 price target (up from $172.00) on shares of Sprouts Farmers Market in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the stock a "neutral" rating in a report on Thursday, May 1st. Evercore ISI raised their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, UBS Group lifted their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of "Hold" and an average price target of $168.20.

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.