First Horizon Advisors Inc. Raises Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

First Horizon Advisors Inc. increased its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 80.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 363 shares of the company’s stock after buying 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 reporting period.

A number of other large investors have also recently bought and sold shares of SFM. Cetera Advisors LLC purchased a new stake in shares of Sprouts Farmers Market during the first quarter worth about $349,000. Ritholtz Wealth Management grew its stake in Sprouts Farmers Market by 59.8% in the 2nd quarter. Ritholtz Wealth Management now owns 16,790 shares of the company’s stock worth $1,405,000 after acquiring an additional 6,286 shares during the period. SpiderRock Advisors LLC acquired a new position in Sprouts Farmers Market in the 3rd quarter valued at $3,252,000. Pinkerton Retirement Specialists LLC purchased a new position in shares of Sprouts Farmers Market during the 2nd quarter worth $623,000. Finally, Caprock Group LLC acquired a new stake in shares of Sprouts Farmers Market during the second quarter worth $450,000.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider John Scott Neal sold 6,535 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.29, for a total transaction of $668,465.15. Following the completion of the sale, the insider now owns 14,293 shares in the company, valued at $1,462,030.97. This trade represents a 31.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph L. Hurley sold 4,956 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.66, for a total value of $657,462.96. Following the sale, the insider now owns 11,184 shares in the company, valued at $1,483,669.44. This represents a 30.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,051 shares of company stock worth $5,133,932 in the last 90 days. 1.10% of the stock is owned by company insiders.

Sprouts Farmers Market Stock Performance

NASDAQ:SFM opened at $147.98 on Tuesday. The firm’s fifty day simple moving average is $122.58 and its 200 day simple moving average is $99.58. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $41.27 and a twelve month high of $149.89. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.22 and a beta of 0.54.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. 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 firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SFM. BMO Capital Markets increased their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Bank of America boosted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm lifted their price target on shares of Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.