1,903 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Acquired by Highland Capital Management LLC

Highland Capital Management LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,903 shares of the company's stock, valued at approximately $290,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vista Investment Partners II LLC raised its stake in Sprouts Farmers Market by 6.7% during the first quarter. Vista Investment Partners II LLC now owns 33,721 shares of the company's stock valued at $5,147,000 after buying an additional 2,122 shares in the last quarter. Matisse Capital raised its holdings in shares of Sprouts Farmers Market by 23.3% during the first quarter. Matisse Capital now owns 20,668 shares of the company's stock worth $3,155,000 after purchasing an additional 3,900 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Sprouts Farmers Market by 5.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,851 shares of the company's stock worth $588,000 after buying an additional 187 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Sprouts Farmers Market in the 1st quarter valued at about $226,000. Finally, Spire Wealth Management boosted its holdings in shares of Sprouts Farmers Market by 1.8% in the 1st quarter. Spire Wealth Management now owns 9,940 shares of the company's stock valued at $1,517,000 after buying an additional 173 shares during the period.

Insider Buying and Selling at Sprouts Farmers Market

In other news, COO Nicholas Konat sold 20,270 shares of Sprouts Farmers Market stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $167.50, for a total transaction of $3,395,225.00. Following the transaction, the chief operating officer directly owned 55,675 shares in the company, valued at approximately $9,325,562.50. This trade represents a 26.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Scott Neal sold 17,721 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 14,178 shares of the company's stock, valued at approximately $2,281,098.42. This trade represents a 55.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,905 shares of company stock valued at $11,963,931. 1.10% of the stock is currently owned by company insiders.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $2.51 during trading hours on Monday, reaching $164.64. 2,189,231 shares of the company's stock traded hands, compared to its average volume of 1,798,035. Sprouts Farmers Market, Inc. has a twelve month low of $79.34 and a twelve month high of $182.00. The business's fifty day simple moving average is $165.66 and its two-hundred day simple moving average is $153.97. 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 firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.88 and a beta of 0.81.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced 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. Sprouts Farmers Market had a net margin of 5.53% and a return on equity of 34.20%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. Sprouts Farmers Market's revenue was up 18.7% compared to the same quarter last year. Analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SFM. Royal Bank Of Canada increased their price objective on shares of Sprouts Farmers Market from $160.00 to $172.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. Evercore ISI raised their price target on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Wells Fargo & Company increased their target price 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. Finally, UBS Group raised their target price on Sprouts Farmers Market from $195.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.