Sigma Planning Corp Buys Shares of 1,766 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Sigma Planning Corp bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,766 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors also recently made changes to their positions in the business. Whipplewood Advisors LLC raised its position in shares of Sprouts Farmers Market by 92.0% during 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 in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of Sprouts Farmers Market during the 1st quarter valued at approximately $30,000. GeoWealth Management LLC raised its position in shares of Sprouts Farmers Market by 115.4% during 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 in the last quarter. Versant Capital Management Inc raised its position 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 valued at $49,000 after acquiring an additional 168 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $63,000.

Insiders Place Their Bets

In other news, insider Timmi Zalatoris sold 2,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $164.38, for a total value of $328,760.00. Following the completion of the sale, the insider owned 13,263 shares in the company, valued at $2,180,171.94. This represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $167.16, for a total value of $167,160.00. Following the completion of the sale, the director owned 8,598 shares of the company's stock, valued at approximately $1,437,241.68. This trade represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,035 shares of company stock valued at $12,213,719. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on SFM. Evercore ISI upped their price objective on Sprouts Farmers Market from $180.00 to $185.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Roth Capital set a $155.00 price objective on Sprouts Farmers Market and gave the stock a "neutral" rating in a research note on Thursday, May 1st. UBS Group upped their price objective on Sprouts Farmers Market from $195.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company upped their price objective on Sprouts Farmers Market from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $167.86.

Sprouts Farmers Market Trading Down 2.3%

NASDAQ:SFM opened at $165.65 on Monday. Sprouts Farmers Market, Inc. has a 1 year low of $81.93 and a 1 year high of $182.00. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.07 and a beta of 0.77. The business has a fifty day moving average of $164.35 and a 200-day moving average of $157.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.51 and a current ratio of 0.95.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $2.20 billion. Sprouts Farmers Market had a return on equity of 34.20% and a net margin of 5.53%. The company's revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Equities analysts predict that Sprouts Farmers Market, Inc. will post 4.29 earnings per share 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.

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