Private Client Services LLC Buys Shares of 15,877 Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Private Client Services LLC acquired a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,877 shares of the company's stock, valued at approximately $764,000.

Several other large investors have also bought and sold shares of the business. VisionPoint Advisory Group LLC acquired a new stake in Sprouts Farmers Market in the third quarter worth $25,000. Canada Pension Plan Investment Board acquired a new stake in Sprouts Farmers Market in the first quarter worth $35,000. Ronald Blue Trust Inc. raised its holdings in Sprouts Farmers Market by 80.3% in the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company's stock worth $36,000 after purchasing an additional 370 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of Sprouts Farmers Market during the third quarter worth $49,000. Finally, Baldwin Brothers LLC MA raised its holdings in shares of Sprouts Farmers Market by 20.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 1,260 shares of the company's stock worth $61,000 after acquiring an additional 210 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Sprouts Farmers Market from $62.00 to $63.00 and gave the stock an "in-line" rating in a report on Tuesday, April 2nd. The Goldman Sachs Group raised their price objective on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Finally, Bank of America upgraded shares of Sprouts Farmers Market from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $30.00 to $70.00 in a report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.43.

Sprouts Farmers Market Stock Performance

NASDAQ SFM traded down $0.18 during trading on Monday, reaching $62.32. The company's stock had a trading volume of 828,008 shares, compared to its average volume of 1,287,078. The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50. Sprouts Farmers Market, Inc. has a 12 month low of $32.12 and a 12 month high of $65.53. The firm has a 50 day moving average price of $60.13 and a 200 day moving average price of $50.71.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 2.95 EPS for the current fiscal year.

Insider Transactions at Sprouts Farmers Market

In other news, CMO Alisa Gmelich sold 479 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $62.47, for a total transaction of $29,923.13. Following the completion of the sale, the chief marketing officer now owns 2,987 shares of the company's stock, valued at approximately $186,597.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CMO Alisa Gmelich sold 479 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $62.47, for a total value of $29,923.13. Following the completion of the transaction, the chief marketing officer now owns 2,987 shares of the company's stock, valued at approximately $186,597.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nicholas Konat sold 31,846 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $62.13, for a total transaction of $1,978,591.98. Following the completion of the transaction, the chief operating officer now directly owns 82,495 shares of the company's stock, valued at approximately $5,125,414.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,852 shares of company stock valued at $10,032,745. 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.