Portside Wealth Group LLC Acquires 2,094 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Portside Wealth Group LLC raised its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 65.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,279 shares of the company's stock after buying an additional 2,094 shares during the quarter. Portside Wealth Group LLC's holdings in Sprouts Farmers Market were worth $806,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of 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. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprouts Farmers Market during the fourth quarter valued at about $31,000. GeoWealth Management LLC increased its stake in Sprouts Farmers Market by 115.4% during the fourth 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. Global Retirement Partners LLC raised its holdings in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in 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 in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on Sprouts Farmers Market from $165.00 to $185.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group lifted their price target on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company boosted 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. BMO Capital Markets increased 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $167.79.

Insiders Place Their Bets

In other Sprouts Farmers Market news, VP Stacy W. Hilgendorf sold 229 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $139.43, for a total transaction of $31,929.47. Following the transaction, the vice president now owns 10,226 shares in the company, valued at approximately $1,425,811.18. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jack Sinclair sold 49,898 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total value of $6,856,983.16. Following the completion of the sale, the chief executive officer now directly owns 189,449 shares of the company's stock, valued at approximately $26,034,081.58. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 145,825 shares of company stock valued at $21,813,320. 1.10% of the stock is currently owned by insiders.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock traded down $3.02 on Thursday, reaching $168.12. The company's stock had a trading volume of 1,610,274 shares, compared to its average volume of 1,455,178. The business's fifty day moving average price is $162.80 and its 200 day moving average price is $152.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a twelve month low of $74.15 and a twelve month high of $182.00.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.27. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. Equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

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.