New Age Alpha Advisors LLC Has $3.09 Million Stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

New Age Alpha Advisors LLC lifted its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 121.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,267 shares of the company's stock after purchasing an additional 11,126 shares during the period. New Age Alpha Advisors LLC's holdings in Sprouts Farmers Market were worth $3,094,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SFM. Whipplewood Advisors LLC raised its position in shares of Sprouts Farmers Market by 92.0% during the first quarter. Whipplewood Advisors LLC now owns 192 shares of the company's stock valued at $29,000 after buying an additional 92 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in Sprouts Farmers Market in the 1st quarter valued at approximately $30,000. GeoWealth Management LLC lifted its position in shares of Sprouts Farmers Market by 115.4% in the 4th quarter. GeoWealth Management LLC now owns 265 shares of the company's stock worth $34,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc grew its holdings in shares of Sprouts Farmers Market by 111.3% during the 1st 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. grew its holdings 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 purchasing an additional 228 shares in the last quarter.

Sprouts Farmers Market Stock Up 1.0%

Sprouts Farmers Market stock opened at $150.75 on Thursday. The stock has a 50-day simple moving average of $162.87 and a 200 day simple moving average of $158.55. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.68 and a beta of 0.78. Sprouts Farmers Market, Inc. has a 12-month low of $93.42 and a 12-month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.12. Sprouts Farmers Market had a net margin of 5.77% and a return on equity of 36.53%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter last year, the company posted $0.94 EPS. The company's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on SFM shares. Wall Street Zen raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Jefferies Financial Group upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 1st. Barclays upgraded shares of Sprouts Farmers Market from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $173.00 to $185.00 in a research note on Thursday, July 31st. Finally, UBS Group set a $180.00 price objective on Sprouts Farmers Market in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Sprouts Farmers Market currently has a consensus rating of "Moderate Buy" and an average price target of $171.87.

Insider Activity

In other news, CEO Jack Sinclair sold 4,054 shares of Sprouts Farmers Market stock in a transaction on Monday, June 16th. The stock was sold at an average price of $160.45, for a total value of $650,464.30. Following the completion of the sale, the chief executive officer directly owned 174,740 shares of the company's stock, valued at approximately $28,037,033. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. O'leary sold 2,937 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $150.07, for a total value of $440,755.59. Following the sale, the director owned 14,994 shares of the company's stock, valued at approximately $2,250,149.58. The trade was a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,725 shares of company stock worth $11,511,003. 1.10% of the stock is owned by company insiders.

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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