Orion Portfolio Solutions LLC Buys 8,010 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Orion Portfolio Solutions LLC lifted its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 82.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,690 shares of the company's stock after purchasing an additional 8,010 shares during the period. Orion Portfolio Solutions LLC's holdings in Sprouts Farmers Market were worth $1,953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SFM. Accent Capital Management LLC bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC lifted its stake in shares of Sprouts Farmers Market by 223.5% in the second quarter. Crewe Advisors LLC now owns 317 shares of the company's stock valued at $27,000 after buying an additional 219 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sprouts Farmers Market during the second quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in Sprouts Farmers Market during the third quarter worth about $38,000. Finally, Quarry LP increased its holdings in Sprouts Farmers Market by 1,425.8% during the second quarter. Quarry LP now owns 473 shares of the company's stock worth $40,000 after buying an additional 442 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SFM. StockNews.com upgraded shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. The Goldman Sachs Group increased their target price 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. Wells Fargo & Company raised their target price on shares of Sprouts Farmers Market from $90.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Bank of America upped their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $118.40.

Sprouts Farmers Market Stock Performance

SFM traded down $1.72 during trading hours on Friday, hitting $147.79. The company's stock had a trading volume of 798,291 shares, compared to its average volume of 1,330,484. Sprouts Farmers Market, Inc. has a fifty-two week low of $46.74 and a fifty-two week high of $155.64. The firm has a market capitalization of $14.78 billion, a PE ratio of 43.21, a PEG ratio of 2.25 and a beta of 0.58. The company has a 50-day simple moving average of $134.41 and a 200 day simple moving average of $106.33. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the firm posted $0.65 earnings per share. Sprouts Farmers Market's revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sprouts Farmers Market, Inc. will post 3.68 EPS for the current year.

Insider Transactions at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 921 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the sale, the insider now directly owns 25,251 shares in the company, valued at $2,868,513.60. This represents a 3.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph D. O'leary sold 350 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the transaction, the director now directly owns 17,991 shares in the company, valued at approximately $2,700,629.01. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,155 shares of company stock worth $3,742,274. Company insiders own 1.10% of the company's stock.

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.