Total Wealth Planning & Management Inc. Buys Shares of 4,821 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Total Wealth Planning & Management Inc. bought a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,821 shares of the company's stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SFM. Barclays PLC boosted its position in shares of Sprouts Farmers Market by 128.3% during the 3rd quarter. Barclays PLC now owns 199,035 shares of the company's stock valued at $21,975,000 after acquiring an additional 111,838 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Sprouts Farmers Market in the 4th quarter valued at about $205,000. Nisa Investment Advisors LLC grew its stake in shares of Sprouts Farmers Market by 5.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,174 shares of the company's stock valued at $403,000 after buying an additional 175 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Sprouts Farmers Market by 14.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,580 shares of the company's stock valued at $2,488,000 after buying an additional 2,430 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% during the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock worth $34,000 after buying an additional 130 shares during the last quarter.

Sprouts Farmers Market Stock Performance

Shares of SFM traded up $4.97 during mid-day trading on Wednesday, hitting $169.27. 1,905,296 shares of the company's stock were exchanged, compared to its average volume of 1,442,865. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a fifty-two week low of $74.15 and a fifty-two week high of $178.99. The business's 50 day moving average is $159.98 and its two-hundred day moving average is $151.19. The firm has a market capitalization of $16.56 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.31 and a beta of 0.87.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on SFM shares. The Goldman Sachs Group upped their price objective on Sprouts Farmers Market from $174.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 21st. Evercore ISI raised their target price on Sprouts Farmers Market from $180.00 to $185.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on Sprouts Farmers Market from $131.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Roth Mkm upped their target price 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. Finally, Roth Capital set a $155.00 target price on Sprouts Farmers Market and gave the company a "neutral" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $167.79.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Joe Fortunato sold 5,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $144.80, for a total value of $724,000.00. Following the sale, the director now owns 28,571 shares of the company's stock, valued at approximately $4,137,080.80. The trade was a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total value of $143,743.05. Following the transaction, the insider now owns 9,830 shares in the company, valued at $1,326,755.10. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,277 shares of company stock worth $18,912,055 over the last 90 days. 1.10% of the stock is currently owned by insiders.

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.