Resonant Capital Advisors LLC Acquires New Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Resonant Capital Advisors LLC bought a new position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,182 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth approximately $25,000. Canada Pension Plan Investment Board bought a new stake in Sprouts Farmers Market in the first quarter valued at $35,000. Ronald Blue Trust Inc. boosted its holdings in shares of Sprouts Farmers Market by 80.3% during the third quarter. Ronald Blue Trust Inc. now owns 831 shares of the company’s stock valued at $36,000 after acquiring an additional 370 shares during the period. FinTrust Capital Advisors LLC bought a new position in shares of Sprouts Farmers Market during the third quarter worth about $49,000. Finally, Baldwin Brothers LLC MA grew its position 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 last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on SFM. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Bank of America upgraded Sprouts Farmers Market from an “underperform” rating to a “buy” rating and upped their target price for the stock from $30.00 to $70.00 in a research report on Tuesday, February 27th. Finally, Evercore ISI cut their price target on shares of Sprouts Farmers Market from $62.00 to $61.00 and set an “in-line” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has a consensus rating of “Hold” and an average price target of $51.14.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $65.15 on Friday. Sprouts Farmers Market, Inc. has a 52-week low of $32.12 and a 52-week high of $65.53. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.30 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $61.13 and its 200 day simple moving average is $51.17.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Sprouts Farmers Market had a net margin of 3.79% and a return on equity of 26.71%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, sell-side analysts forecast that Sprouts Farmers Market, Inc. will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 31,710 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.03, for a total value of $1,998,681.30. Following the sale, the chief executive officer now directly owns 274,981 shares of the company’s stock, valued at $17,332,052.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Sprouts Farmers Market news, CEO Jack Sinclair sold 31,710 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $63.03, for a total value of $1,998,681.30. Following the completion of the transaction, the chief executive officer now owns 274,981 shares of the company’s stock, valued at approximately $17,332,052.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joe Fortunato sold 13,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.71, for a total value of $828,230.00. Following the sale, the director now directly owns 39,395 shares in the company, valued at approximately $2,509,855.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,852 shares of company stock valued at $10,032,745. Corporate 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.