Optivise Advisory Services LLC Makes New Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Optivise Advisory Services LLC purchased a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,727 shares of the company's stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market during the 4th quarter valued at $31,000. Avior Wealth Management LLC raised its holdings in Sprouts Farmers Market by 93.5% during 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 during the period. GeoWealth Management LLC lifted its position in shares of Sprouts Farmers Market by 115.4% in the fourth quarter. GeoWealth Management LLC now owns 265 shares of the company's stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Sprouts Farmers Market by 84.1% in the fourth quarter. Global Retirement Partners LLC now owns 289 shares of the company's stock worth $37,000 after acquiring an additional 132 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market during the fourth quarter worth about $51,000.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, CMO Alisa Gmelich sold 445 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $137.42, for a total transaction of $61,151.90. Following the transaction, the chief marketing officer now directly owns 4,436 shares in the company, valued at $609,595.12. This represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timmi Zalatoris sold 1,065 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $134.97, for a total transaction of $143,743.05. Following the completion of the transaction, the insider now directly owns 9,830 shares of the company's stock, valued at $1,326,755.10. This trade represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,764 shares of company stock worth $13,562,649. Company insiders own 1.10% of the company's stock.

Sprouts Farmers Market Trading Up 0.8 %

Shares of NASDAQ:SFM traded up $1.35 on Friday, hitting $168.03. 918,172 shares of the company's stock were exchanged, compared to its average volume of 1,421,616. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. Sprouts Farmers Market, Inc. has a 12 month low of $64.02 and a 12 month high of $178.99. 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's 50 day simple moving average is $149.90 and its two-hundred day simple moving average is $144.02.

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

Wall Street Analyst Weigh In

SFM has been the subject of a number of research analyst reports. Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price target on shares of Sprouts Farmers Market from $131.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Wells Fargo & Company boosted their price target on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded Sprouts Farmers Market from a "hold" rating to a "buy" rating and raised their price objective for the company from $163.00 to $190.00 in a research report on Monday, March 17th. Finally, Bank of America boosted their target price on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $167.00.

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.