57,973 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 57,973 shares of the company’s stock, valued at approximately $6,401,000. Beacon Harbor Wealth Advisors Inc. owned about 0.06% of Sprouts Farmers Market as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SFM. Cetera Advisors LLC acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth $349,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Sprouts Farmers Market by 8.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 616,429 shares of the company’s stock worth $39,748,000 after buying an additional 48,225 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Sprouts Farmers Market by 78.8% during the first quarter. Inspire Investing LLC now owns 26,113 shares of the company’s stock valued at $1,684,000 after acquiring an additional 11,508 shares during the period. Ritholtz Wealth Management lifted its position in Sprouts Farmers Market by 59.8% during the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock valued at $1,405,000 after purchasing an additional 6,286 shares during the period. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in shares of Sprouts Farmers Market during the 2nd quarter worth approximately $623,000.

Insider Buying and Selling at Sprouts Farmers Market

In related news, Director Joe Fortunato sold 11,500 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the completion of the transaction, the director now owns 33,571 shares of the company’s stock, valued at $4,459,571.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Joseph L. Hurley sold 4,956 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the completion of the transaction, the insider now owns 11,184 shares of the company’s stock, valued at $1,483,669.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joe Fortunato sold 11,500 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.84, for a total transaction of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at approximately $4,459,571.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,148 shares of company stock worth $6,143,836 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SFM shares. Royal Bank of Canada began coverage on Sprouts Farmers Market in a research note on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. BMO Capital Markets raised their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Roth Mkm boosted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Evercore ISI boosted their price objective on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Trading Down 0.1 %

SFM opened at $140.65 on Friday. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 1.99 and a beta of 0.54. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $39.98 and a twelve month high of $142.29. The company has a 50-day simple moving average of $113.03 and a 200 day simple moving average of $93.40.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts predict that Sprouts Farmers Market, Inc. will post 3.68 EPS 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.