RFG Advisory LLC Has $1.02 Million Holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

RFG Advisory LLC increased its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 32.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,045 shares of the company’s stock after purchasing an additional 1,981 shares during the quarter. RFG Advisory LLC’s holdings in Sprouts Farmers Market were worth $1,022,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SFM. Accent Capital Management LLC acquired a new stake in Sprouts Farmers Market in the third quarter valued at approximately $25,000. Avior Wealth Management LLC lifted its holdings in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock worth $34,000 after purchasing an additional 130 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at $38,000. Quarry LP increased its stake in Sprouts Farmers Market by 1,425.8% during the 2nd quarter. Quarry LP now owns 473 shares of the company’s stock valued at $40,000 after purchasing an additional 442 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Sprouts Farmers Market by 80.6% during the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $40,000 after buying an additional 162 shares during the last quarter.

Sprouts Farmers Market Stock Up 0.2 %

Shares of NASDAQ:SFM opened at $146.75 on Friday. The company has a market capitalization of $14.67 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.63. Sprouts Farmers Market, Inc. has a 1 year low of $49.35 and a 1 year high of $155.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59. The business has a fifty day moving average price of $141.60 and a two-hundred day moving average price of $119.01.

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

Insider Transactions at Sprouts Farmers Market

In other news, Director Douglas Gregory Rauch sold 700 shares of the stock in a transaction 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 approximately $1,619,029.86. This represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $132.60, for a total value of $757,676.40. Following the completion of the sale, the chief executive officer now owns 199,576 shares in the company, valued at $26,463,777.60. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,869 shares of company stock worth $8,778,152 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

SFM has been the subject of a number of analyst reports. Bank of America lifted their price objective 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. BMO Capital Markets lifted their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price objective on Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Evercore ISI raised their price objective on Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $118.40.

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.