16,514 Shares in Sprouts Farmers Market, Inc. (NASDAQ:SFM) Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC bought a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,514 shares of the company's stock, valued at approximately $2,098,000.

A number of other large investors also recently modified their holdings of SFM. Wesbanco Bank Inc. raised its stake in shares of Sprouts Farmers Market by 0.3% in the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company's stock worth $3,642,000 after purchasing an additional 77 shares during the last quarter. Greenleaf Trust raised its position in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company's stock valued at $853,000 after buying an additional 80 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company's stock valued at $845,000 after acquiring an additional 90 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Sprouts Farmers Market by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 3,849 shares of the company's stock worth $489,000 after acquiring an additional 96 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Sprouts Farmers Market by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,917 shares of the company's stock worth $322,000 after acquiring an additional 101 shares in the last quarter.

Sprouts Farmers Market Stock Performance

SFM traded up $0.93 during trading hours on Monday, hitting $168.90. The stock had a trading volume of 1,220,044 shares, compared to its average volume of 1,258,369. Sprouts Farmers Market, Inc. has a 1 year low of $50.89 and a 1 year high of $170.50. The company's fifty day simple moving average is $144.46 and its 200 day simple moving average is $125.33. The stock has a market cap of $16.89 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total transaction of $407,201.90. Following the sale, the chief executive officer now owns 149,499 shares in the company, valued at $20,741,491.26. This represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas Gregory Rauch sold 700 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the transaction, the director now owns 10,874 shares of the company's stock, valued at approximately $1,619,029.86. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock worth $6,323,731 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SFM shares. The Goldman Sachs Group boosted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, November 1st. BMO Capital Markets boosted their target price on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Bank of America boosted their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $119.40.

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.