Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 80.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363 shares of the company’s stock after purchasing an additional 162 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sprouts Farmers Market were worth $40,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new stake in shares of Sprouts Farmers Market in the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its holdings in Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sprouts Farmers Market in the second quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the 3rd quarter worth about $38,000. Finally, Quarry LP increased its holdings in shares of Sprouts Farmers Market by 1,425.8% in the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after acquiring an additional 442 shares during the last quarter.

Insider Activity

In related news, insider Dustin Hamilton sold 921 shares of Sprouts Farmers Market stock in a transaction on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the completion of the transaction, the insider now directly owns 25,251 shares of the company’s stock, valued at approximately $2,868,513.60. The trade was a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Scott Neal sold 6,535 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.29, for a total value of $668,465.15. Following the completion of the sale, the insider now directly owns 14,293 shares in the company, valued at $1,462,030.97. This trade represents a 31.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,051 shares of company stock valued at $5,133,932 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

Shares of SFM stock opened at $147.98 on Tuesday. Sprouts Farmers Market, Inc. has a 52-week low of $41.27 and a 52-week high of $149.89. The stock’s 50-day moving average price is $122.58 and its 200 day moving average price is $99.58. 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 stock has a market capitalization of $14.80 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, equities research analysts forecast that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on SFM. Deutsche Bank Aktiengesellschaft boosted their target price on Sprouts Farmers Market from $63.00 to $76.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Evercore ISI upped their target price on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a research note on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target on the stock. Melius Research started coverage on shares of Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 price objective for the company. Finally, StockNews.com cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.40.

Sprouts Farmers Market Company 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.