Axxcess Wealth Management LLC Raises Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Axxcess Wealth Management LLC grew its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 25.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,176 shares of the company’s stock after buying an additional 1,848 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sprouts Farmers Market were worth $1,166,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Unified Investment Management acquired a new stake in Sprouts Farmers Market in the fourth quarter valued at $1,161,000. JPMorgan Chase & Co. grew its stake in Sprouts Farmers Market by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company’s stock worth $149,020,000 after buying an additional 156,175 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter worth approximately $13,348,000. First Hawaiian Bank purchased a new position in Sprouts Farmers Market during the 4th quarter worth $1,517,000. Finally, Charles Schwab Investment Management Inc. grew its position in 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 worth $108,561,000 after purchasing an additional 48,103 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Douglas Gregory Rauch sold 1,000 shares of Sprouts Farmers Market stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $140.25, for a total value of $140,250.00. Following the transaction, the director now directly owns 10,598 shares of the company’s stock, valued at $1,486,369.50. The trade was a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stacy W. Hilgendorf sold 890 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $122,303.80. Following the sale, the vice president now directly owns 9,347 shares of the company’s stock, valued at approximately $1,284,464.74. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,145 shares of company stock valued at $11,427,787 over the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SFM shares. Jefferies Financial Group raised their price target on Sprouts Farmers Market from $119.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Evercore ISI reduced their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Northcoast Research upgraded Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Friday, February 28th. Finally, Roth Mkm boosted their target price on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $162.92.

Sprouts Farmers Market Trading Down 0.7 %

Shares of SFM opened at $139.77 on Friday. Sprouts Farmers Market, Inc. has a fifty-two week low of $61.61 and a fifty-two week high of $178.99. The stock has a fifty day moving average of $150.79 and a two-hundred day moving average of $135.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market capitalization of $13.78 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. As a group, analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current 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.