Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,176 shares of the company's stock after acquiring an additional 1,848 shares during the quarter. Axxcess Wealth Management LLC's holdings in Sprouts Farmers Market were worth $1,166,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Congress Asset Management Co. increased its stake in shares of Sprouts Farmers Market by 94.9% in the 4th quarter. Congress Asset Management Co. now owns 1,298,768 shares of the company's stock valued at $165,034,000 after purchasing an additional 632,523 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of Sprouts Farmers Market in the fourth quarter worth about $64,117,000. Wellington Management Group LLP bought a new stake in shares of Sprouts Farmers Market during the 3rd quarter valued at approximately $18,259,000. Raymond James Financial Inc. acquired a new position in Sprouts Farmers Market during the 4th quarter worth approximately $19,926,000. Finally, JPMorgan Chase & Co. lifted its stake in Sprouts Farmers Market by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,349,694 shares of the company's stock valued at $149,020,000 after purchasing an additional 156,175 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on Sprouts Farmers Market from $132.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $140.00 to $180.00 and gave the stock a "market perform" rating in a report on Friday, February 21st. Evercore ISI dropped 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. Deutsche Bank Aktiengesellschaft raised shares of Sprouts Farmers Market from a "hold" rating to a "buy" rating and boosted their target price for the stock from $163.00 to $190.00 in a report on Monday, March 17th. Finally, StockNews.com raised Sprouts Farmers Market from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $167.00.

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Sprouts Farmers Market Trading Up 2.9 %

Sprouts Farmers Market stock traded up $4.28 during mid-day trading on Tuesday, hitting $149.70. The company's stock had a trading volume of 1,712,759 shares, compared to its average volume of 1,317,164. 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 company has a 50 day moving average of $151.01 and a 200-day moving average of $136.34. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The stock has a market cap of $14.68 billion, a PE ratio of 39.81, a P/E/G ratio of 2.31 and a beta of 0.67.

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

Insider Buying and Selling

In other news, VP Stacy W. Hilgendorf sold 229 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the sale, the vice president now owns 10,226 shares of the company's stock, valued at $1,425,811.18. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jack Sinclair sold 2,915 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $167.54, for a total transaction of $488,379.10. Following the completion of the transaction, the chief executive officer now owns 143,669 shares of the company's stock, valued at approximately $24,070,304.26. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,501 shares of company stock worth $11,616,851 in the last three months. Corporate 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.