Wealthfront Advisers LLC Invests $64.12 Million in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Wealthfront Advisers LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, Holdings Channel.com reports. The fund bought 504,580 shares of the company’s stock, valued at approximately $64,117,000.

A number of other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC purchased a new stake in Sprouts Farmers Market in the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprouts Farmers Market in the 4th quarter valued at $31,000. Avior Wealth Management LLC raised its position in Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after buying an additional 130 shares during the last quarter. Global Retirement Partners LLC raised its position in Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after buying an additional 162 shares during the last quarter.

Insiders Place Their Bets

In other Sprouts Farmers Market news, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $148.89, for a total transaction of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares in the company, valued at $1,619,029.86. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total value of $488,379.10. Following the transaction, the chief executive officer now owns 143,669 shares of the company’s stock, valued at $24,070,304.26. This represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,264 shares of company stock worth $6,995,193 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM opened at $132.75 on Tuesday. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 2.31 and a beta of 0.67. 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 1-year low of $60.46 and a 1-year high of $178.99. The stock’s 50-day moving average is $150.28 and its 200 day moving average is $133.42.

Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. On average, sell-side analysts anticipate that Sprouts Farmers Market, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SFM shares. Wells Fargo & Company raised their target price on Sprouts Farmers Market from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. BMO Capital Markets raised their target price on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. Evercore ISI raised their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Northcoast Research raised Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Friday, February 28th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $154.00.

Sprouts Farmers Market 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.