HighTower Advisors LLC Has $2.63 Million Stock Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

HighTower Advisors LLC raised its holdings in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,722 shares of the company's stock after buying an additional 7,355 shares during the period. HighTower Advisors LLC's holdings in Sprouts Farmers Market were worth $2,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter worth $31,000. Avior Wealth Management LLC boosted its holdings in shares of Sprouts Farmers Market by 93.5% in the fourth quarter. Avior Wealth Management LLC now owns 269 shares of the company's stock valued at $34,000 after acquiring an additional 130 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Sprouts Farmers Market by 84.1% during the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after buying an additional 132 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Sprouts Farmers Market by 80.6% in the third quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after acquiring an additional 162 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at approximately $51,000.

Sprouts Farmers Market Stock Performance

Shares of NASDAQ SFM traded up $4.28 during trading on Tuesday, reaching $149.70. The stock had a trading volume of 1,712,733 shares, compared to its average volume of 1,317,164. The stock has a market cap of $14.68 billion, a PE ratio of 39.81, a P/E/G ratio of 2.31 and a beta of 0.67. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The firm's 50 day moving average price is $151.01 and its two-hundred day moving average price is $136.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13.

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Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Sprouts Farmers Market had a return on equity of 29.86% and a net margin of 4.93%. On average, research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SFM. Wells Fargo & Company increased their price target on shares of 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 increased their price objective on shares of Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Roth Mkm boosted their price target on Sprouts Farmers Market from $105.00 to $146.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Bank of America increased their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their target price for the company from $163.00 to $190.00 in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $167.00.

Insider Buying and Selling at Sprouts Farmers Market

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the completion of the sale, the chief executive officer now directly owns 149,499 shares of the company's stock, valued at approximately $20,741,491.26. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Alisa Gmelich sold 445 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the sale, the chief marketing officer now directly owns 4,436 shares of the company's stock, valued at approximately $609,595.12. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,501 shares of company stock worth $11,616,851. 1.10% of the stock is owned by company insiders.

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.