Sprouts Farmers Market, Inc. (NASDAQ:SFM) Position Raised by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. grew its holdings in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,137 shares of the company’s stock after buying an additional 582 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Sprouts Farmers Market were worth $526,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SFM. Accent Capital Management LLC acquired a new position in shares of Sprouts Farmers Market during the third quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprouts Farmers Market during the fourth quarter valued at $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% during the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after purchasing an additional 130 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Sprouts Farmers Market by 84.1% during the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after purchasing an additional 162 shares during the period.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $134.91 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $150.39 and its two-hundred day moving average is $133.68. The company has a market cap of $13.30 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12 month low of $60.46 and a 12 month high of $178.99.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, equities analysts expect that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SFM. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. 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 report on Friday, February 28th. The Goldman Sachs Group lifted their target price on Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Roth Mkm lifted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average target price of $154.15.

Insider Activity

In related news, CEO Jack Sinclair sold 30,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $149.24, for a total value of $4,477,200.00. Following the sale, the chief executive officer now owns 163,862 shares of the company’s stock, valued at $24,454,764.88. The trade was a 15.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joe Fortunato sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $144.80, for a total value of $724,000.00. Following the completion of the sale, the director now directly owns 28,571 shares in the company, valued at approximately $4,137,080.80. This represents a 14.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,564 shares of company stock worth $6,890,970. Company insiders own 1.10% of the company’s stock.

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.