Mezzasalma Advisors LLC Acquires 4,594 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Mezzasalma Advisors LLC grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,108 shares of the company's stock after acquiring an additional 4,594 shares during the quarter. Sprouts Farmers Market comprises approximately 1.1% of Mezzasalma Advisors LLC's portfolio, making the stock its 24th biggest position. Mezzasalma Advisors LLC's holdings in Sprouts Farmers Market were worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Sprouts Farmers Market by 4.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company's stock worth $251,000 after purchasing an additional 77 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Sprouts Farmers Market by 92.0% in the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock worth $29,000 after acquiring an additional 92 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Sprouts Farmers Market by 0.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,664 shares of the company's stock valued at $3,896,000 after purchasing an additional 95 shares during the last quarter. JT Stratford LLC boosted its holdings in Sprouts Farmers Market by 0.9% in the fourth quarter. JT Stratford LLC now owns 11,091 shares of the company's stock worth $1,409,000 after purchasing an additional 100 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Sprouts Farmers Market by 1.4% in the 4th quarter. Vident Advisory LLC now owns 7,641 shares of the company's stock worth $971,000 after purchasing an additional 108 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently commented on SFM. Jefferies Financial Group lifted their price objective on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a report on Tuesday, February 25th. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Roth Mkm increased their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Royal Bank Of Canada lifted their target price on Sprouts Farmers Market from $160.00 to $172.00 and gave the company a "sector perform" rating in a research report on Thursday, May 1st. Nine 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, the company currently has an average rating of "Hold" and an average target price of $167.79.

Insider Buying and Selling

In other news, CEO Jack Sinclair sold 4,045 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $161.81, for a total value of $654,521.45. Following the completion of the sale, the chief executive officer now directly owns 174,740 shares of the company's stock, valued at $28,274,679.40. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nicholas Konat sold 11,283 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $143.13, for a total value of $1,614,935.79. Following the transaction, the chief operating officer now directly owns 55,675 shares in the company, valued at approximately $7,968,762.75. This represents a 16.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders 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

SFM traded up $0.65 during trading on Thursday, reaching $161.86. 1,322,579 shares of the company traded hands, compared to its average volume of 1,470,329. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95. The company has a market cap of $15.84 billion, a P/E ratio of 36.37, a PEG ratio of 1.87 and a beta of 0.81. The firm has a fifty day simple moving average of $164.79 and a 200 day simple moving average of $153.18. Sprouts Farmers Market, Inc. has a 12-month low of $76.31 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.27. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. On average, equities analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

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.