Three Seasons Wealth LLC grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 106.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,515 shares of the company’s stock after acquiring an additional 6,978 shares during the quarter. Three Seasons Wealth LLC’s holdings in Sprouts Farmers Market were worth $1,042,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. MML Investors Services LLC grew its holdings in Sprouts Farmers Market by 0.6% in the second quarter. MML Investors Services LLC now owns 20,287 shares of the company’s stock valued at $3,340,000 after purchasing an additional 124 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Sprouts Farmers Market by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 13,486 shares of the company’s stock valued at $2,044,000 after purchasing an additional 139 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Sprouts Farmers Market by 72.7% in the 4th quarter. Clearstead Advisors LLC now owns 380 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Sprouts Farmers Market by 1.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 8,943 shares of the company’s stock valued at $715,000 after buying an additional 162 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Sprouts Farmers Market by 4.3% during the 4th quarter. Arkadios Wealth Advisors now owns 4,106 shares of the company’s stock valued at $327,000 after buying an additional 171 shares during the period.
Sprouts Farmers Market Stock Down 2.7%
Shares of Sprouts Farmers Market stock opened at $73.30 on Thursday. Sprouts Farmers Market, Inc. has a twelve month low of $64.75 and a twelve month high of $171.15. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.59 and a beta of 0.67. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $83.86 and a 200 day moving average price of $78.19.
Analysts Set New Price Targets
SFM has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Sprouts Farmers Market from $77.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Sprouts Farmers Market in a research report on Wednesday, June 24th. Melius Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a research note on Monday, April 6th. Evercore restated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research note on Monday, June 1st. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.08.
Read Our Latest Stock Report on Sprouts Farmers Market
Insiders Place Their Bets
In other Sprouts Farmers Market news, COO Nicholas Konat sold 12,538 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $1,102,090.20. Following the completion of the sale, the chief operating officer owned 66,119 shares of the company’s stock, valued at $5,811,860.10. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandon F. Lombardi sold 406 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $82.04, for a total transaction of $33,308.24. Following the transaction, the insider directly owned 6,801 shares in the company, valued at approximately $557,954.04. The trade was a 5.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,310 shares of company stock worth $3,873,881 in the last 90 days. 1.30% of the stock is owned by company insiders.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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