Flagship Harbor Advisors LLC Purchases 570 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Flagship Harbor Advisors LLC raised its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,647 shares of the company’s stock after acquiring an additional 570 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Sprouts Farmers Market were worth $463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SFM. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 156,175 shares during the period. World Investment Advisors LLC bought a new position in shares of Sprouts Farmers Market in the third quarter worth about $13,348,000. SpiderRock Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the 3rd quarter valued at about $3,252,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sprouts Farmers Market by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 983,257 shares of the company’s stock valued at $108,561,000 after acquiring an additional 48,103 shares during the period. Finally, First Hawaiian Bank purchased a new stake in Sprouts Farmers Market in the 4th quarter worth approximately $1,517,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SFM shares. Evercore ISI lifted their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $90.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Bank of America lifted their target price on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $118.40.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the transaction, the chief executive officer now owns 149,499 shares in the company, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 11,500 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $132.84, for a total value of $1,527,660.00. Following the sale, the director now owns 33,571 shares in the company, valued at $4,459,571.64. The trade was a 25.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock worth $8,778,152 in the last three months. Insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $152.30 on Wednesday. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 1.93 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $49.74 and a 1 year high of $155.64. The stock’s 50 day simple moving average is $141.96 and its two-hundred day simple moving average is $120.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last announced 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. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 28.24%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

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.