Petra Financial Advisors Inc. Purchases New Position in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Petra Financial Advisors Inc. acquired a new position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,586 shares of the company's stock, valued at approximately $1,091,000.

Several other institutional investors have also modified their holdings of SFM. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sprouts Farmers Market in the fourth quarter valued at about $31,000. Avior Wealth Management LLC increased its position 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 worth $34,000 after acquiring an additional 130 shares in the last quarter. Global Retirement Partners LLC increased its position 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 in the last quarter. First Horizon Advisors Inc. grew its holdings in Sprouts Farmers Market by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock valued at $40,000 after purchasing an additional 162 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Sprouts Farmers Market during the 4th quarter valued at $51,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SFM. Bank of America raised their price target 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. Evercore ISI lowered their target price on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Roth Mkm lifted their price objective on shares of Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. UBS Group lifted their target price on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their target price on shares of Sprouts Farmers Market from $140.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has a consensus rating of "Hold" and an average target price of $162.92.

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Sprouts Farmers Market Trading Up 1.9 %

Shares of Sprouts Farmers Market stock traded up $2.62 on Friday, hitting $142.39. The stock had a trading volume of 2,133,233 shares, compared to its average volume of 1,315,252. The stock has a 50 day moving average of $150.88 and a 200 day moving average of $135.50. Sprouts Farmers Market, Inc. has a twelve month low of $61.61 and a twelve month high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The firm has a market capitalization of $14.04 billion, a P/E ratio of 37.87, a PEG ratio of 2.31 and a beta of 0.67.

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

Insider Activity

In other Sprouts Farmers Market news, CEO Jack Sinclair sold 2,935 shares of Sprouts Farmers Market stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares of the company's stock, valued at $20,741,491.26. The trade was a 1.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Alisa Gmelich sold 445 shares of Sprouts Farmers Market stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $137.42, for a total value of $61,151.90. Following the completion of the sale, the chief marketing officer now owns 4,436 shares in the company, 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. Insiders sold a total of 83,501 shares of company stock valued at $11,616,851 in the last ninety days. 1.10% of the stock is currently owned by insiders.

About Sprouts Farmers Market

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.