Dynamic Advisor Solutions LLC Takes Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Dynamic Advisor Solutions LLC acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,952 shares of the company's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SFM. HighTower Advisors LLC increased its position in shares of Sprouts Farmers Market by 55.0% during the fourth quarter. HighTower Advisors LLC now owns 20,722 shares of the company's stock valued at $2,633,000 after acquiring an additional 7,355 shares during the last quarter. Unified Investment Management acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $1,161,000. Wells Fargo & Company MN increased its position in shares of Sprouts Farmers Market by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 181,364 shares of the company's stock valued at $23,046,000 after acquiring an additional 37,637 shares during the last quarter. Andrew Hill Investment Advisors Inc. increased its position in shares of Sprouts Farmers Market by 145.8% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 20,342 shares of the company's stock valued at $2,585,000 after acquiring an additional 12,067 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Sprouts Farmers Market during the fourth quarter valued at about $2,618,000.

Insider Buying and Selling at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 4,045 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $161.81, for a total transaction of $654,521.45. Following the completion of the transaction, the chief executive officer now owns 174,740 shares of the company's stock, valued at $28,274,679.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Terri F. Graham sold 1,278 shares of the company's stock in a transaction dated 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 now directly owns 32,910 shares of the company's stock, valued at approximately $5,923,800. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,188 shares of company stock worth $13,578,866. Corporate insiders own 1.10% of the company's stock.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $161.86 on Friday. The firm has a market capitalization of $15.84 billion, a PE ratio of 36.37, a P/E/G ratio of 1.88 and a beta of 0.81. 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 firm's 50-day simple moving average is $164.95 and its 200 day simple moving average is $153.25. Sprouts Farmers Market, Inc. has a 52 week low of $76.31 and a 52 week high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The company 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 5.53% and a return on equity of 34.20%. The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. On average, equities research analysts predict that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SFM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and lifted their price target for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets raised their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $167.79.

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.

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