Sprouts Farmers Market, Inc. (NASDAQ:SFM) Stock Holdings Raised by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 58,143 shares of the company’s stock after purchasing an additional 170 shares during the period. Sprouts Farmers Market accounts for approximately 1.7% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 19th biggest holding. Beacon Harbor Wealth Advisors Inc. owned 0.06% of Sprouts Farmers Market worth $7,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SFM. Geode Capital Management LLC boosted its holdings in shares of Sprouts Farmers Market by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock valued at $275,634,000 after buying an additional 56,161 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock valued at $149,020,000 after buying an additional 156,175 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company’s stock valued at $165,034,000 after buying an additional 632,523 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sprouts Farmers Market by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 987,093 shares of the company’s stock valued at $125,430,000 after buying an additional 3,836 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Sprouts Farmers Market by 1.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 698,506 shares of the company’s stock valued at $77,122,000 after buying an additional 10,326 shares during the period.

Sprouts Farmers Market Trading Down 0.4 %

Shares of NASDAQ:SFM opened at $144.71 on Thursday. The company has a 50 day moving average of $149.69 and a 200-day moving average of $132.54. The firm has a market cap of $14.27 billion, a P/E ratio of 38.49, a P/E/G ratio of 2.31 and a beta of 0.63. Sprouts Farmers Market, Inc. has a twelve month low of $60.46 and a twelve month high of $178.99. 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 (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SFM has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Sprouts Farmers Market from $119.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Bank of America boosted their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI boosted their target price on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group boosted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.00.

Insider Activity at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the sale, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at $24,070,304.26. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,264 shares of company stock valued at $6,271,193 over the last ninety days. 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.