Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,677 shares of the company’s stock after buying an additional 987 shares during the period. Orion Portfolio Solutions LLC’s holdings in Sprouts Farmers Market were worth $2,373,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Sprouts Farmers Market by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,604,819 shares of the company’s stock worth $1,347,554,000 after buying an additional 56,652 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sprouts Farmers Market by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,484,059 shares of the company’s stock worth $275,634,000 after acquiring an additional 56,161 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $149,020,000 after acquiring an additional 156,175 shares during the period. Congress Asset Management Co. increased its stake in 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 purchasing an additional 632,523 shares in the last quarter. Finally, Norges Bank acquired a new position in Sprouts Farmers Market during the fourth quarter worth $143,113,000.

Insider Activity

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the completion of the sale, the chief marketing officer now directly owns 4,436 shares in the company, valued at $609,595.12. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy W. Hilgendorf sold 229 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the completion of the transaction, the vice president now directly owns 10,226 shares in the company, valued at approximately $1,425,811.18. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,784 shares of company stock valued at $13,534,466 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

SFM has been the topic of several research reports. Roth Mkm upped their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, February 21st. The Goldman Sachs Group raised their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $160.00 price target on shares of Sprouts Farmers Market in a report on Tuesday, March 25th. UBS Group raised their price objective on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.00.

Sprouts Farmers Market Stock Up 1.7 %

Shares of NASDAQ:SFM opened at $155.25 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 2.31 and a beta of 0.67. The stock’s 50-day moving average price is $152.20 and its two-hundred day moving average price is $138.45. Sprouts Farmers Market, Inc. has a 12-month low of $61.61 and a 12-month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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.