One Wealth Advisors LLC Invests $292,000 in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Key Points

• One Wealth Advisors LLC has acquired a new stake in Sprouts Farmers Market, buying 1,910 shares valued at approximately $292,000 during the first quarter.
• Sprouts Farmers Market reported impressive earnings of $1.81 per share for the last quarter, beating expectations and showing an 18.7% increase in year-over-year revenue.
• Analysts have mixed sentiments on Sprouts Farmers Market, with target prices ranging from $173.00 to $196.00 and an average consensus rating of "Hold."

One Wealth Advisors LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,910 shares of the company's stock, valued at approximately $292,000.

Other large investors also recently bought and sold shares of the company. 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 acquiring an additional 92 shares during the period. Dogwood Wealth Management LLC purchased a new position in shares of Sprouts Farmers Market in the 1st quarter valued at $30,000. GeoWealth Management LLC raised its stake 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 valued at $34,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc raised its stake in shares of Sprouts Farmers Market by 111.3% in the 1st quarter. Versant Capital Management Inc now owns 319 shares of the company's stock valued at $49,000 after acquiring an additional 168 shares during the period. Finally, Toronto Dominion Bank purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at $63,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SFM shares. Roth Capital set a $155.00 price target on shares of Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Sprouts Farmers Market from $170.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Barclays assumed coverage on shares of Sprouts Farmers Market in a report on Monday, July 21st. They set an "equal weight" rating and a $173.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Sprouts Farmers Market presently has a consensus rating of "Hold" and a consensus price target of $168.20.

Sprouts Farmers Market Price Performance

Shares of SFM traded down $1.44 during mid-day trading on Monday, hitting $159.63. The company's stock had a trading volume of 272,109 shares, compared to its average volume of 1,719,739. The firm has a 50-day moving average price of $164.66 and a 200 day moving average price of $157.97. Sprouts Farmers Market, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $182.00. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.51.

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

Insiders Place Their Bets

In related news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $164.38, for a total transaction of $328,760.00. Following the completion of the transaction, the insider directly owned 13,263 shares in the company, valued at $2,180,171.94. This represents a 13.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Terri F. Graham sold 1,278 shares of the business's 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 completion of the sale, the director directly owned 32,910 shares in the company, valued at $5,923,800. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,035 shares of company stock valued at $12,213,719 in the last three months. Company insiders own 1.10% of the company's stock.

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.