2,501 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC purchased a new stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,501 shares of the company's stock, valued at approximately $318,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. lifted its position in Sprouts Farmers Market by 2.0% in the 4th quarter. Burney Co. now owns 15,823 shares of the company's stock worth $2,011,000 after buying an additional 315 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Sprouts Farmers Market by 82.2% in the 4th quarter. Park Avenue Securities LLC now owns 4,627 shares of the company's stock worth $588,000 after buying an additional 2,087 shares during the period. AdvisorNet Financial Inc lifted its stake in Sprouts Farmers Market by 22.6% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company's stock worth $79,000 after acquiring an additional 114 shares during the period. First Hawaiian Bank bought a new stake in shares of Sprouts Farmers Market during the 4th quarter valued at about $1,517,000. Finally, Bank of New Hampshire lifted its stake in shares of Sprouts Farmers Market by 300.0% in the 4th quarter. Bank of New Hampshire now owns 520 shares of the company's stock valued at $66,000 after purchasing an additional 390 shares during the period.

Sprouts Farmers Market Stock Down 0.9 %

Shares of SFM stock traded down $1.28 during trading hours on Friday, reaching $139.25. 1,343,105 shares of the stock were exchanged, compared to its average volume of 1,167,050. Sprouts Farmers Market, Inc. has a 12-month low of $48.98 and a 12-month high of $155.64. The business's fifty day moving average is $141.53 and its two-hundred day moving average is $116.81. 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 firm has a market capitalization of $13.92 billion, a P/E ratio of 40.25, a P/E/G ratio of 1.82 and a beta of 0.63.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.14. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business'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 posted $0.65 EPS. As a group, research analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Melius Research began coverage on Sprouts Farmers Market in a research report on Monday, September 23rd. They set a "hold" rating and a $105.00 target price for the company. Finally, Bank of America boosted their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $118.40.

Insiders Place Their Bets

In other Sprouts Farmers Market news, insider Joseph L. Hurley sold 4,956 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $132.66, for a total transaction of $657,462.96. Following the completion of the sale, the insider now directly owns 11,184 shares of the company's stock, valued at approximately $1,483,669.44. This trade represents a 30.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack Sinclair sold 2,935 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 149,499 shares in the company, valued at approximately $20,741,491.26. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,869 shares of company stock valued at $8,778,152 over the last quarter. Company insiders own 1.10% of the company's stock.

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.